RNS Number : 9530X
  Absolute Capital Mgmt Holdings Ltd
  01 July 2008
   

    Absolute Capital Management Holdings Limited
    ("Absolute Capital" or the "Company")


    Updated Release Date for the Report and Accounts for the year ended 31 December
    2007, and Temporary Suspension of Trading

    The Board announces that the audited Report and Accounts for the year ended 31 December 2007 ('the Accounts') will be delayed for
approximately 20 business days. Since September 2007, the company has undergone an extensive restructuring process and has also changed
Company auditors. The combination of these factors has extended the time needed for the audit process to be completed.  

    As the AIM rules require the Company to publish the Accounts by 30 June 2008, this delay means that trading in the shares of the Company
will be temporarily suspended until the Accounts are published.

    The Directors anticipate that the Accounts should be available for dispatch to the shareholders by no later than 28 July 2008 upon which
they expect the restoration of trading in the shares to take place.

    In the Report and Accounts, the Company will provide shareholders with an update on the impact the restructuring process has had to date
and setting out the actions it has taken to establish a permanent base for developing the business going forward.

    Enquiries 
 Absolute Capital Management Holdings Limited  Tel: +41 41 560 9660
 Jonathan Treacher                                                     
 Shamillia Sivathambu                                                  
 Panmure Gordon                                Tel: +44 (0)20 7459 3600
 Dominic Morley                                                        
 Callum Stewart                                                        
 Cardew Group                                  Tel: +44 (0)20 7930 0777
 Tim Robertson                                                         
 Shan Shan Willenbrock                                                 
                                                                       





This information is provided by RNS
The company news service from the London Stock Exchange
 
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