Mar City PLC Statement re. Suspension (6461K)

TIDMMAR

RNS Number : 6461K

Mar City PLC

20 April 2015

MAR CITY PLC

("Mar City", the "Group" or the "Company")

Share Suspension and Corporate Update

Mar City (AIM: MAR.L) the London and Midlands focused housebuilder has today had its shares suspended pending the appointment of a new Nominated Adviser ('Nomad') to the Company. The Board has already commenced talks to appoint a new Nomad in due course.

The Board is well under way with the process of appointing a new Finance Director and Non-Executive roles including the replacement to Non-Executive Chairman, Hamilton Anstead, who has confirmed his resignation for personal reasons. Hamilton was to step down from the Board at the Company's next General Meeting and the Board would like to thank him for his contribution to the Company over recent years.

The Company's operations continue to perform in line with management expectations.

Ends.

 
 Enquiries: 
 
 Mar City PLC                    www.marcityplc.com   www.marcityhomes.com 
 Tony Ryan, Chief Executive                           +44 (0) 20 7408 1102 
 
 WH Ireland Limited, Broker                           www.wh-ireland.co.uk 
 Mike Coe                                             +44 (0) 117 945 3470 
 
 Gable Communications Limited              marcity@gablecommunications.com 
  John Bick                                           +44 (0) 20 7193 7463 
                                                      +44 (0) 7872 061 007

This information is provided by RNS

The company news service from the London Stock Exchange

END

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