TYI Holdings
LSE : TYIP

February 08, 2010 02:00 ET

INTENTION TO WITHDRAW FROM PLUS

                                                                                                        08/02/2010
                                                                                         GB00B2QY9Z71/GBP/PLUS-exn
                                                         
                                                 TYI HOLDINGS PLC
                                                  (the "Company")

                                          INTENTION TO WITHDRAW FROM PLUS
                                                         
As  part of the Board's financial review, it has become clear that maintaining a quote on PLUS Markets is  not  in
the  best  interests  of the Company's shareholders. Accordingly, the Directors have concluded  that  the  Company
should be withdrawn from the PLUS-quoted Market with effect from the close of business on 22 February 2010.

The  Directors are conscious that this may make it harder to deal in the shares and will endeavour to match buyers
with sellers. However, the Board is of the opinion that this proposed course of action is in the best interest  of
shareholders as the Company plans for the future.

Under  the PLUS Rules, the Company is required to give shareholders a period of not less than 10 business days  to
object,  should  they  so  wish, to the intended withdrawal of its securities from  the  PLUS-quoted  Market.  Any
shareholder wishing to raise an objection should contact PLUS in confidence by 22 February 2010.

A separate letter has been sent to shareholders today regarding the proposed withdrawal.

The Directors of TYI Holding Plc are responsible for the contents of this announcement.

TYI Holdings Plc
Keith Robinson
Finance Director
Telephone: 01207 523316

Corporate Adviser:

St Helens Capital Partners LLP
Duncan Vasey or Mark Anwyl
Telephone: 020 7368 6959

Contact Information

  • TYI Holdings