SGG Sterling Green

 
TIDMSGG 
 
28 September 2011 
 
                           Sterling Green Group Plc 
 
                      ("Sterling Green" or "the Company") 
 
                            Statement re Suspension 
 
Under Rule 19 of the AIM Rules, a company is required to publish its annual 
accounts no later than six months after the end of the financial year to which 
they relate. 
 
The Company has today entered into a non-legally binding agreement (except as 
to costs, exclusivity and confidentiality) to dispose of a significant part of 
its trading operations, the effect of which will be to considerably reduce the 
size of the on-going operating business. The disposal, if concluded, would be 
subject to shareholder approval under Rule 15 of the AIM Rules for Companies. 
 
The board is of the view, having consulted with the Company's auditors, that as 
the proposed disposal is so material to the Company's existing trading 
operations; it would not be appropriate to complete the accounts for the year 
ended 31 March 2011 until either binding contractual arrangements are entered 
into or discussions with the potential buyer are terminated. This will enable 
shareholders to review the Company's accounts in the knowledge of whether those 
operations will be part of the Group in the future. 
 
Accordingly, as the Company is not in a position to publish its audited 
accounts for the year ended 31 March 2011 by 30 September 2011, in accordance 
with the AIM Rules for Companies, the Company's ordinary shares have been 
suspended from trading on AIM with immediate effect. 
 
A further announcement will be made in due course. 
 
Enquiries: 
 
Sterling Green Group plc                                     Tel: 0161 975 5757 
 
Michael Edelson 
 
Merchant Securities Limited                                  Tel: 020 7628 2200 
 
Simon Clements/David Worlidge 
 
 
 
END 
 

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