Cancellation of Dividend

    RNS Number : 1217D
  Zyzygy PLC
  10 September 2008
   

    10 September 2008

    Zyzygy plc ("Zyzygy" or "the Company")

    Cancellation of Dividend

    On 18 March 2008, the Company announced its intention to pay a dividend of 0.01p on 29 September to shareholders on the register on 19
September 2008. 

    Because of difficult market conditions, the Company's depressed share price and the anticipated time it will take to realise cash from
its investments, the board of Zyzygy has decided to cancel the proposed dividend. The board remains optimistic about the prospects for its
two main investee companies, MarineTrack Holdings plc which was admitted to AIM on 29 July 2008, and NiceTech Limited, and will reconsider
proposing a dividend once it feels circumstances have improved sufficiently.


    Further information:

    Zyzygy plc
    Duncan Lipscombe, Chairman
    01799 530490 

    Grant Thornton UK LLP
    Philip Secrett/Colin Aaronson
    020 7383 5100

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