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| Share Name | Share Symbol | Market | Type | Share ISIN | Share Description |
|---|---|---|---|---|---|
| Bioseek | LSE:ATD | London | Ordinary Share | GB0009231639 | ORD 5P |
| Price Change | % Change | Share Price | Bid Price | Offer Price | High Price | Low Price | Open Price | Shares Traded | Last Trade | |
|---|---|---|---|---|---|---|---|---|---|---|
| 0.00 | 0.00% | 0.50 | 0.00 | 01:00:00 |
| Industry Sector | Turnover | Profit | EPS - Basic | PE Ratio | Market Cap |
|---|---|---|---|---|---|
| 0 | 0 | N/A | 0 |
From May 2019 to May 2024
TIDMATD
RNS Number : 5956R
Asterand PLC
07 November 2011
7 November 2011
Asterand Plc
("Asterand" or the "Company")
Update on BioSeek Loan Notes
On 24 October 2011, the Company announced that it had received notices of default from Silicon Valley Bank ("SVB") and from the holders of the BioSeek loan notes and that in the case of the latter, the Company had 120 days to remedy the situation. The Company has now received further notice from the representative of the holders of the BioSeek loan notes to the effect that the conditions for the Company to avail itself of the 120 day cure period had not been met and that the amounts owing under the BioSeek notes are also payable on demand. The repayment rights of the holders of the BioSeek loan notes are subject to the rights of the Company's senior lender, SVB. The Company is in continuing discussions with its creditors to resolve the current default.
For further information, please contact:
Asterand plc Jack Davis, Chairman and Interim Tel: + 44 (0) 1763 211 Chief Executive Officer 600 / + 1 (313) 263-0960 Alan Fishman, Interim Chief Financial As above Officer Daniel Stewart & Company plc Antony Legge Tel: +44 (0) 20 7776 David Hart 6550 Paul Shackleton
This information is provided by RNS
The company news service from the London Stock Exchange
END
MSCBRBPTMBAMMIB
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