Thank you for your email regarding Netcentric Systems plc ("NCS" or "the Company").
Trading was suspended on 30 June 2006 pursuant to AIM Rule 15. NCS has 6 months from the date of suspension to complete a reverse takeover. The Company is required to produce an admission document in respect of the reverse takeover to allow investors/ shareholder to make an informed decision in respect of the acquisition. Under the Rules, trading will only be restored on publication of the admission document. The admission document will include details of the options available to you as an existing shareholder.
Subsequently, shareholders will have the opportunity to vote for the transaction at an EGM to be held after publication of the admission document. Only on obtaining shareholder approval, the transaction will completed and the enlarged entity will admit to AIM on the same day the existing company cancels.
If you have any further questions in respect of the reverse transaction, you may wish to contact the company's nominated adviser Strand Partners on 020 7409 3494.
Kind regards
AIM Regulation
The 6 month dealine is 30th December 2006 and has anybody heard of or seen an admission document yet?
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