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- Release Date: 04/06/13 15:34
- Summary: GENERAL: BLT: Financial Markets Authority- Edinburgh Equity Nominee Ltd
- Price Sensitive: No
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BLT
04/06/2013 13:34
GENERAL
REL: 1334 HRS BLIS Technologies Limited
GENERAL: BLT: Financial Markets Authority- Edinburgh Equity Nominee Ltd
BLIS Technologies has today received advice from its solicitors that the FMA
has reviewed the circumstances surrounding the sales by Edinburgh between 2 -
7 May 2012, prior to the conversion of CPS to ordinary shares on 5pm 8 May
2012, and have determined that they will not be taking any further action in
relation to this matter.
The solicitors advice was based on a letter from the FMA dated 29 May 2013
prepared in response a request made on behalf of the Independent Directors of
BLIS Technologies on 11 May 2012 regarding the sale of ordinary shares in BLT
by Edinburgh in the period leading up to the conversion of BLT's convertible
preference shares (CPS). The Independent Directors had sought confirmation
from FMA that the sales did not amount to any breach of the Securities
Markets Act 1988.
End CA:00237019 For:BLT Type:GENERAL Time:2013-06-04 13:34:37
