Cancellation of Admission to AIM

    RNS Number : 9424D
  Phosphagenics Limited
  22 September 2008
   
    22 September 2008

    Phospahgenics Limited

    Cancellation of Admission to AIM


    The Board of Phospahgenics Limited (the "Company") today announces that the Company will cancel the admission of all of its securities
to trading on AIM with effect from the close of business on Friday 31 October 2008.

    The Board of the Company did not take this decision lightly and it was only after a detailed review of the interest and activity in the
Company's securities as transacted on AIM together with the direct and indirect costs of maintaining the listing that the Board reached its
decision. Over the past 4 year period in which the Company has had its shares traded on AIM the ASX monthly turnover has increased whilst
the AIM monthly turnover has decreased.

    As shareholders are aware, the shares of the Company have been listed and traded on the Australia Stock Exchange (the "ASX") since
August 1992 and the Company has always regarded the ASX as the Company's primary listing.  

    At the date of the cancellation of admission to AIM, the Depositary Interest and Certificated Holders registers (as currently maintained
by Computershare Investor Services Plc in Bristol) will be transferred into the Register of Members maintained on behalf of the Company by
Computershare Investor Services Pty Ltd in Melbourne, Victoria, Australia.

    Upon being transferred in to the Register of Members, each holder will then be sent a Holding Statement showing their entitlement to the
shares and a unique Holder Identification Number ("HIN"). The unique HIN is the enabling mechanism through which trading in the Company's
shares is facilitated. Shareholders who currently hold their interest in PSG through Depositary Interests or certificates will then be able
to trade their securities in the Company through the ASX under security code "POH".

 Mary McSwiggan   Phosphagenics Limited                    Tel +61 3 9605 5907
 (Investor
 Relations
 Manager)

 Mourice Garbutt  Phosphagenics Limited                   Tel +61 3 9605 5917
 (Company
 Secretary)

 Kevin Lo         Computershare Investor Services Pty     Tel +61 94155314
 (Client          Ltd
 Relations
 Manager)

 Hugh Field       Collins Stewart Europe Limited (Nomad)  Tel +44 20 7523 8325


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