Argus Voluntarily Suspends Trading Of Shares

Argus Group Holdings Limited announced that as a result of insufficient notice having been given to shareholders regarding Annual General Meetings, it has this morning [Aug 2] applied to the Bermuda Stock Exchange and has been granted a voluntary suspension of trading in the Company’s shares until this matter can be rectified.

Gerald Simons, President & Chief Executive Officer of the Argus Group, said:

We are currently investigating the adequacy of the notice given for Annual General Meetings and have therefore postponed this year’s Annual General Meeting. In the meantime, we have applied to the Bermuda Stock Exchange to suspend trading in Argus shares until this matter has been resolved. We apologise for any inconvenience this may cause and hope to bring this matter to a close over the next six weeks.

We will communicate directly with shareholders once a new date for the 2010 Annual General Meeting has been established. This does not affect the day-to-day operations of the Company in any way and business continues as usual at Argus.

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Category: All, Business