Minorplanet Systems: Suspension | Company Announcements

Tuesday 08 June, 2010

Minorplanet Systems

Suspension

RNS Number : 2622N

Minorplanet Systems PLC

08 June 2010

8 June 2010

Minorplanet Systems plc ("Minorplanet" or the "Company")

Suspension of Trading

The Board of Minorplanet announces that it has requested a suspension of trading in its shares with immediate effect pending clarification of its financial position. This follows the receipt of a demand notice for the repayment of a loan from DigiCore International Holdings BV to MPS 2010 Limited ("MPS 2010"), a subsidiary of the Company, details which were set out in an announcement dated 14 May 2010 and the subsequent enforcement of terms and conditions of the related financial agreements including the exercise of its security over MPS 2010 shares.

A further announcement will be made in due course.

For further information, please contact:

Minorplanet Systems plc	Tel: 0113 346 7777
Terry Donovan, Chief Executive	terry.donovan@minorplanet.com
Richard Hopkin, Finance Director	richard.hopkin@minorplanet.com
	www.minorplanet.com

Shore Capital & Corporate Ltd	Tel: 020 7408 4090
Anita Ghanekar
Edward Mansfield

Rawlings Financial PR Limited	Tel: 01653 618 016
Catriona Valentine	catriona@rawlingsfinancial.co.uk
	www.rawlingsfinancial.co.uk

This information is provided by RNS

The company news service from the London Stock Exchange

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