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Share Name | Share Symbol | Market | Type | Share ISIN | Share Description |
---|---|---|---|---|---|
Bede | LSE:BED | London | Ordinary Share | GB0002023454 | ORD 2P |
Price Change | % Change | Share Price | Bid Price | Offer Price | High Price | Low Price | Open Price | Shares Traded | Last Trade | |
---|---|---|---|---|---|---|---|---|---|---|
0.00 | 0.00% | 0.64 | 0.00 | 01:00:00 |
Industry Sector | Turnover | Profit | EPS - Basic | PE Ratio | Market Cap |
---|---|---|---|---|---|
0 | 0 | N/A | 0 |
RNS Number:4372O Bede PLC 21 February 2008 Bede plc (the "Company") Update on offer discussion and financing position Further to the announcement made on 13 July 2007 stating that the Company was in preliminary discussions with certain parties, the Company announces that it has now received an indicative offer, which may or may not result in a formal offer being made for the entire issued and to be issued share capital of the Company, or alternatively, for its business, assets and liabilities. However, this indicative offer is significantly below the current market value of Bede plc. The Board has granted access to due diligence for the potential offeror and will update the market in due course as appropriate. The Company's current net debt position is £1.1 million and the Board anticipates that its borrowings will continue within current overdraft facility limits until the end of the current quarter. However, current business levels indicate that further finance will be required beyond the current quarter. Therefore, the Board continues to explore all of the financing options available to it in the short and medium term. Enquiries: Bede Hugh Rudden (Chief Executive Officer) David Hall (Finance Director) 0191 332 4700 21 February 2008 This information is provided by RNS The company news service from the London Stock Exchange END OUPTMMPTMMATBTP
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