AVD Avid Holdings

0.095

0.00 (0.00%)

Last Updated: 01:00:00

Delayed by 15 minutes

Share Name	Share Symbol	Market	Type	Share ISIN	Share Description
Avid Holdings	LSE:AVD	London	Ordinary Share	GB00B06GHM23	ORD 0.5P

	Price Change	% Change	Share Price	Bid Price	Offer Price	High Price	Low Price	Open Price	Shares Traded	Last Trade
	0.00	0.00%	0.095						0.00	01:00:00

Industry Sector	Turnover	Profit	EPS - Basic	PE Ratio	Market Cap
	0	0		N/A	0

Share Suspension

14/11/2008 1:15pm

UK Regulatory

    AVID HOLDINGS PLC ("AVID" OR THE "COMPANY")                  

                               SHARE SUSPENSION                                

Further to the announcement made by the Company on 21 October 2008, Avid
continues to seek additional funds in order to finance its working capital
requirements. A further delay in the completion of an order within Electro-mec,
one of the trading subsidiaries of the Company, has had a significant impact on
cash generation. This, and general trading conditions coupled with the
continued difficulty in raising short term funding in the current climate has
resulted in the board of Avid requesting that the shares in the Company are
suspended with immediate effect, pending clarification of the Company's
financial position.

Contact:-

Avid Holdings plc

Jonathan Bobbett, CEO

Tel: 01622 872022

Zeus Capital Limited, Nominated Adviser

Ross Andrews

Bobby Fletcher

Tel: 0161 831 1512



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