HealthyDays Group PLC
LSE : HDGP

October 26, 2011 11:15 ET

Proposed Withdrawal of Ordinary Shares from the PLUS-quoted Market

26 October 2011

                                           HealthyDays Group plc
                                                     
                                              (the "Company")
                                                     
                    Proposed Withdrawal of Ordinary Shares from the PLUS-quoted Market
                                                     
The board of HealthyDays Group plc (the "Board") today announces a proposal for the Company's ordinary
shares of 1p each (the "Ordinary Shares") to be withdrawn from the PLUS-quoted market.

Reasons for the Proposed Withdrawal

On 26 January 2011, PLUS Stock Exchange plc ("PLUS") announced that dealings in the Company's Ordinary
Shares had been suspended following a breach of the PLUS rules and dealings in the Company's Ordinary
Shares have been suspended since that date.

On 21 October 2011, PLUS published a Disciplinary Notice in which it was stated, inter alia, that PLUS had
found that the Company had breached Rule 43 of the PLUS Rules for Issuers. PLUS' Disciplinary Notice also
stated that PLUS had imposed a fine of £5,000 on the Company.

The Board considers the perceived benefits of a quotation on the PLUS-quoted market to include, inter alia,
access to equity capital markets, an enhanced corporate profile, a means to incentivise key staff and a
mechanism to provide an active market in the Company's Ordinary Shares.

However, the Board has reached the view that, since its Admission to PLUS-quoted in 2009, the Company has
not received the aforementioned benefits to the extent that would justify the costs and management time
associated with maintaining its status as a PLUS-quoted company.

In addition, the Board has concluded that the Company is not likely to realise any of the aforementioned
perceived benefits of quotation on the PLUS-quoted market in the near future.

Recommendation to Shareholders

The Board considers the decision to withdraw the Company's Ordinary Shares from the PLUS-quoted market to
be in the best interests of the Company and its Shareholders as a whole and considers that it is most
likely to promote the success of the Company for the benefit of Shareholders as a whole.

Other

At this stage, the Board does not envisage any formal alternative arrangements for dealings in the
Company's Ordinary Shares. However, the Company will attempt to match buyers and sellers of its Ordinary
Shares on an ad hoc basis, if requested.

UNDER THE PLUS RULES, HEALTHYDAYS GROUP PLC 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 10 NOVEMBER 2011.

Copies of this announcement have today been posted to shareholders. Copies of this announcement will be
available for inspection for a period of one month from today's date, free of charge, from HealthyDays
Group Plc, Unit 2 Rutland Court, 161 Rutland Road, Sheffield, S3 9PP.

THE DIRECTORS OF THE COMPANY ACCEPT RESPONSIBILITY FOR THE CONTENTS OF THIS ANNOUNCEMENT

                                               

HealthyDays Group Plc
Amer Deen                                                                   Tel: 07970 909685

SVS Securities Plc - PLUS Corporate Adviser
Peter Ward / Alexander Brearley                                             Tel: 020 7638 5600

SVS Securities Plc - Broker
Ian Callaway / Alex Mattey                                                  Tel: 020 7638 5600

Contact Information

  • HealthyDays Group PLC