Tuesday April 30, 2013 : MEDIA CORP SHARES SUSPENDED
End April suspension on the AIM market until the company posts a set of properly audited annual accounts
Media Corp plc, an AIM listed company which has ambitions in the online sports betting sector through its Intabet subsidiary and is the owner of the now defunct Purple Lounge online poker enterprise has had its shares suspended from trading.
A stock exchange notification this week advised that trading in the company's shares has been temporarily suspended from 30/04/2013 12:45pm, pending publication of the company's annual audited accounts.
On the same day as the suspension, the company issued a statement informing interested parties:
"Further to the announcement of 2 November 2012 in respect of the change of the Company's accounting reference date the Company regrets to announce that, due to a failure on its part to make the requisite filings at Companies House, it has not, as previously represented, formally changed its accounting reference date to 31 December and it remains 30 September.
"This means that the Company has missed the deadline of 31st March 2013 to publish its annual accounts for the year ended September 30th as required by Rule 19 of the AIM Rules for Companies.
"As a result and in accordance with the AIM Rules, trading in the Company's ordinary shares on AIM will be suspended from 12:45pm today, and continue until such time as the audited accounts for the period ended 30 September 2012 are published.
"The Company will publish the annual accounts as soon as practicable and will also continue to make announcements as and when there are any developments that require notification under the AIM Rules."
London-based Media Corporation is soon to be rebranded as Inta plc.