Block Listing Application
Application has been made to the London Stock Exchange for a block admission of 192,600 ordinary shares of 1 pence each in the Group ("Ordinary Shares") to satisfy obligations under the Group's existing Sharesave Scheme. The shares will be allotted and issued in due course in accordance with the rules of the respective scheme and will rank pari passu in all respects with the existing Ordinary Shares in issue.
It is expected that the block admission will become effective on 24 June 2010.
For further information, please contact:
| ACM Shipping Group plc | |
| Johnny Plumbe, Chief Executive | Tel: +44 (0) 20 7930 7555 |
| Ian Hartley, Finance Director | |
| ihartley@acmshipping.co.uk | www.acmshippinggroup.com |
| Execution Noble & Company | |
| John Llewellyn-Lloyd john.llewellyn-lloyd@execution-noble.com |
Tel: +44 (0) 20 7456 9191 |
| Sam Reynolds | |
| sam.reynolds@execution-noble.com | www.execution-noble.com |
Notes to Editors
ACM is one of the world's principal tanker ship brokers and has established itself as one of the market leaders in oil transportation. The Group's key activities are spot brokerage freight, time charter, project brokerage, sales and purchase, derivatives brokerage, research and consulting.
Established in London in 1982, the Group has since expanded its international operations with offices based in London, Singapore, India and China. ACM employs over 100 brokers and support staff who provide clients with global experience and intimate local knowledge of the world's shipping centres. The Group has a strong network of clients which include major oil producers, independent oil traders, ship-owners and operators. The business has been profitable every year since it was founded.
ACM was admitted to AIM on 6 December 2006. For more information on the Group please visit www.acmshippinggroup.com