Engel East Europe Requests Shares Suspension On AIM

LONDON (Dow Jones)--Engel East Europe NV (EEE.LN), an AIM-listed Central and Eastern European property developer, said Monday its shares will be immediately suspended from trading on AIM. MAIN FACTS: -The company will not be able to comply with Rule 19 of the AIM Rules for Companies requiring an AIM company to send its annual accounts to shareholders not later than six months after the end of the financial year to which they relate. -This is a result of its continuing weak financial condition. -The audited report and accounts will be published in due course at which point the Company will reapply for its shares to begin trading on AIM again. Shares were suspended at 0.88 pence. -By Razak Musah Baba, Dow Jones Newswires; +44-20-7842-9275; razak.baba@dowjones.com (END) Dow Jones Newswires June 21, 2010 10:06 ET (14:06 GMT)