ANTnano plc
LSE : ANAP

March 19, 2010 03:00 ET

ANTNANO PLC: WITHDRAWAL FROM PLUS

ANTNANO PLC
WITHDRAWAL FROM PLUS

The Board of Antnano plc ("ANTnano", or "the Company") today announces that under Rule 72, Appendix 7 of the
PLUS Rules for Issuers that it intends to withdraw from PLUS Markets.

On 3rd December 2009 we announced a petition for the winding up of the Company had been applied for. On 12th
February 2010 the court rescinded that petition as the creditor in question had been paid. The main trading
subsidiary of the Group, Analytical Nanotechnologies (UK) Limited is however in liquidation and there is a
significant shortfall to the creditors, the largest of whom is the Company.

As a result the Group will consist of the Company, a holding company with some intellectual assets and a 100%
holding in the shares of its other subsidiary, Netwon Instruments Limited, a company with a turnover of
approximately GBP 250,000.

The Board of Directors believe that withdrawal from PLUS Markets is in the best interests of shareholders
because the costs of maintaining a listing appear unwarranted in light of the demise of the main trading
subsidiary.

There are currently no alternative arrangements being made for the dealing of the Company's securities.

Under the PLUS rules, ANTnano is required to give shareholders a period of 10 business days to object to the
intended withdrawal of its securities from the PLUS Market. Any shareholder wishing to raise an objection
should contact PLUS in confidence by close of business on Tuesday 6th April 2010.

The Directors accept responsibility for this announcement.

19 March 2010


FOR FURTHER INFORMATION PLEASE CONTACT:

Joe Arend, Chairman and CEO
AntNano Plc
Tel: 07785 992800

Jon Isaacs
Alfred Henry Corporate Finance Limited
Tel: 020 7251 3762


Contact Information

  • ANTnano plc