We could not find any results for:
Make sure your spelling is correct or try broadening your search.
Share Name | Share Symbol | Market | Type | Share ISIN | Share Description |
---|---|---|---|---|---|
Aerte Grp | LSE:AER | London | Ordinary Share | GB0002683034 | ORD 1P |
Price Change | % Change | Share Price | Bid Price | Offer Price | High Price | Low Price | Open Price | Shares Traded | Last Trade | |
---|---|---|---|---|---|---|---|---|---|---|
0.00 | 0.00% | 0.125 | 0.00 | 01:00:00 |
Industry Sector | Turnover | Profit | EPS - Basic | PE Ratio | Market Cap |
---|---|---|---|---|---|
0 | 0 | N/A | 0 |
TIDMAER
RNS Number : 9428L
Aerte Group PLC
11 September 2012
AERTE GROUP PLC
(the "Company" or together with its subsidiaries the "Group")
Trading Update
The Group is continuing to generate interest in the Group's new range of air disinfection products. As well as internationally, there have been initial discussions with major distributors in the UK retail market from whom small initial orders have started to be received.
In this context, the Group is disappointed to have been informed by its potential Chinese distributor that it now wishes to cancel the previously announced order of 3,200 devices, manufactured and delivered by a member of their group in May 2012.
The Board has concluded that it will be difficult to recover payment for these devices in the medium term and is no longer expecting to receive further orders from this distributor. Discussions with other distributors, whilst positive, are at an early stage with volume orders yet to build. The Company is already in discussions with prospective funders regarding the provision of debt finance to the Group as well as exploring other options to raise additional capital. A further announcement will be made once these discussions have been completed.
Net cash as at 30 June 2012 was GBP0.7million.
For further information:
Aerte Group PLC Tel: +44 (0) 20 7603 1515
Andrew Tonks, Chief Executive
Panmure Gordon (UK) Limited Tel: +44 (0) 20 7886 2500
Andrew Godber/ Adam Pollock
Cardew Group Tel: +44 (0) 20 7930 0777
Tim Robertson / Georgina Hall
This information is provided by RNS
The company news service from the London Stock Exchange
END
TSTEAFNEFLEAEAF
1 Year Aerte Grp Chart |
1 Month Aerte Grp Chart |
It looks like you are not logged in. Click the button below to log in and keep track of your recent history.
Support: +44 (0) 203 8794 460 | support@advfn.com
By accessing the services available at ADVFN you are agreeing to be bound by ADVFN's Terms & Conditions