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Stock Exchange delists GAME

"No equity value left."

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The GAME Group has decided to pull the company out of the London Stock Exchange, citing it "considers itself to be unable to assess the business's financial position, and is of the opinion that there is no equity value left in the Group."

Trading on the company was suspended at 7.30am today, according to the statement released by the company. That statement reads in full:

"Further to the announcements of 12 March 2012 and 14 March 2012, the board of GAME has assessed the status of the ongoing and regular discussions between GAME and its lending banks and between its lending banks and a potential third party provider of finance to the business.

"The Board now considers itself to be unable to assess the business's financial position, and is of the opinion that there is no equity value left in the Group. Therefore the Company has requested that the listing of its securities on the Main Market ofLondon Stock Exchange plc be suspended from trading with effect from 7:30am today.

"The Company will provide a further update in due course."

GAME is currently in last minute negotiations to try and stave off administration.

Stock Exchange delists GAME


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