M&L Property & Assets Plc
(the “Company”)

Update and Suspension

The Board of the Company announces that it has today been informed by the Company’s asset manager, M & L Capital Management Limited, that unauthorised sales of Company properties have apparently taken place and that there is a possibility that Company funds have been misappropriated.

The Board is urgently investigating this matter and will report back to shareholders as soon as possible.

In the meantime, due to the fundamental uncertainty created, the Board has requested that the Company’s shares be suspended from trading on AIM with immediate effect.

For further information, please contact:

The Directors
Barry Smith
Tel: +44 1624 699000
Asset Manager:
M & L Capital Management Limited
Tel: +44 (0)20 7584 5733
Nominated Adviser:
Liam Murray / Tony Rawlinson / Jo Turner
Cairn Financial Advisers LLP
Tel: +44 (0)20 7148 7900

Copyright y 23 PR Newswire

Pactolus Hungarian Property (LSE:PHU)
Historical Stock Chart
From Apr 2024 to May 2024 Click Here for more Pactolus Hungarian Property Charts.
Pactolus Hungarian Property (LSE:PHU)
Historical Stock Chart
From May 2023 to May 2024 Click Here for more Pactolus Hungarian Property Charts.