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| Share Name | Share Symbol | Market | Type | Share ISIN | Share Description |
|---|---|---|---|---|---|
| Adwalker | LSE:AWR | London | Ordinary Share | IE00B00MRN72 | ORD EUR0.02 |
| Price Change | % Change | Share Price | Bid Price | Offer Price | High Price | Low Price | Open Price | Shares Traded | Last Trade | |
|---|---|---|---|---|---|---|---|---|---|---|
| 0.00 | 0.00% | 0.07 | 0.00 | 01:00:00 |
| Industry Sector | Turnover | Profit | EPS - Basic | PE Ratio | Market Cap |
|---|---|---|---|---|---|
| 0 | 0 | N/A | 0 |
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TIDMAWR
8 July 2009
Adwalker Plc
("Adwalker" or "the Company")
Suspension of Trading on AIM re Financial Position
On 1 May 2009 the Company announced in a trading update that, amongst other
things, in order to meet its obligations as they fall due the Company was
reliant on the Directors and senior management deferring their salaries and the
continuing support of its other creditors. In the event that any of this
support was removed then the Company, in the absence of a significant increase
in sales, increased bank facilities or a fundraising, would not be able to meet
its obligations as they fell due.
The Company announces today that it has not been able to conclude a
fundraising, increase its bank facilities or increase its sales to a level to
allow it to meet its obligations as they fall due and for the Company to
continue to trade as a going concern. Consequently, the Board has resolved to
seek to appoint a liquidator to the Company and to request an immediate
suspension of trading of its Ordinary Shares on AIM pending clarification of
its financial position.
Further announcements will made in due course.
Enquiries:
Adwalker plc Tel: +353 (1) 866 9000
Simon Crisp
simon@adwalker.com
John East & Partners Limited Tel: 020 7628 2200
Simon Clements/David Worlidge
END
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