OilVoice - Lamprell Announces Proposed Move from AIM to Main Market

Lamprell Announces Proposed Move from AIM to Main Market

Wednesday, October 08, 2008

Lamprell plc announces that it intends to apply for admission to listing of its ordinary shares on the Official List of the UK Listing Authority (the "Official List") and admission to trading on the London Stock Exchange's main market for listed securities (the "Main Market") (together "the Admission").

The Admission will be effected by an introduction of Lamprell's existing Ordinary Shares with no new Ordinary Shares being issued. Pursuant to Rule 41 of the AIM Rules for Companies, the Company hereby gives notice of the intended cancellation of trading of its Ordinary Shares on the AIM market of the London Stock Exchange ("AIM"). The Company announced on 13 February 2008 that it intended to move from AIM to the Main Market.

It is expected that the cancellation of trading in the Ordinary Shares on AIM will take place at the same time as the Ordinary Shares are admitted to the Official List and begin trading on the Main Market, which is expected to occur on or around 6 November 2008, subject to receipt of the necessary approvals from the UK Listing Authority and the London Stock Exchange.

JPMorgan Cazenove Limited has been appointed as sole sponsor in relation to the Admission and will be acting as sole broker to the Company.