St Helens Finance plc
LSE : SHF

February 18, 2011 11:54 ET

Withdrawal from trading on PLUS

                                                                                     18 February 2011
                                                  
                                       ST HELEN'S FINANCE PLC
                           ("St Helen's Finance", "SHF" or "the Company")


                                   Withdrawal from trading on PLUS


The  Board  of SHF announces the Company's intention to withdraw its securities from the PLUS Market
("PLUS") in accordance with Rule 81 of the PLUS Rules for Issuers ("Rules").

Reasons for the withdrawal

SHF  has undertaken a strategic review of its business and wishes to reduce costs where possible. The
Board  are of the view that the level of liquidity and trading in its shares is so sporadic that the
costs of being listed out way any perceived benefit to shareholders.

Also SHF's activities currently are focussed on the runoff of the existing book with no further
business prospect currently existing. As a result, the Company does not wish to attract new investors
for the time being.

The  Directors strongly believe that for the reasons referred to above, withdrawing from  trading  on
PLUS is in the best interests of the Company and its shareholders.

Alternative arrangements for dealing in SHF's securities

The Company will use its best endeavours to match any buyers and sellers of shares post delisting.

Under  the  PLUS Rules, St Helen's Finance is required to give shareholders a period of  10  business
days  to  object  to  the  intended withdrawal of its securities from the PLUS  Stock  Exchange.  Any
shareholder wishing to raise an objection should contact PLUS in confidence by 7 March 2011.

Accordingly, the Company's securities will be withdrawn from PLUS with effect from 16:30 on 7 March.


               The Directors of the Issuer accept responsibility for this announcement

                                             --ENDS--


Enquiries

St. Helen's Finance Plc                                                            Tel: 020 7628 4004

Norman Kenvyn, Managing Director                                                        nk@shfplc.com
Rick Abbott, Chairman                                                                   ra@shfplc.com

Rivington Street Corporate Finance                                                 Tel: 020 7562 3393

Heena Karani                                                                   heena.karani@rs-cf.com

Contact Information

  • St Helens Finance plc