Statement re. Suspension

    RNS Number : 4772A
  Cains Beer Company PLC
  01 August 2008
   
    1 August 2008


    CAINS BEER COMPANY PLC (CBC/L)
    ('Cains' or 'the Company')


    SUSPENSION OF TRADING

    The Board of Cains, the AIM-listed craft brewer and pub operator from Liverpool  announces that it has requested a suspension of trading
in its shares pending clarification of the Company's financial position.

    In its interims results announcement of 28 July Cains announced that it was in advanced negotiations with its bankers, Bank of Scotland,
regarding the renewal of its banking facilities. The directors believed that the Company would be able to reach agreement with its bankers
regarding appropriate levels of funding, but noted that there was a material uncertainty as the Group's ability to continue as a going
concern.  

    The Company's bankers have now informed Cains that they are not prepared to support the proposals that have been put to it by the
Company. Accordingly, the Board of Cains requested the suspension . A further announcement will be made as appropriate.



    For further information visit: (www.cains.co.uk) or enquiries to: 

    Cains Beer Company PLC                        0151 709 8734
    Sudarghara Dusanj, Chief Executive
    Ajmail Dusanj, Chief Operating Officer

    Adventis Financial PR                            0207 034 4759
    Tarquin Edwards                            07879 458 364
    Chris Steele                                07979 604 687

    Charles Stanley Securities (Nominated Adviser)                0207 149 6000
    Rick Thompson


This information is provided by RNS
The company news service from the London Stock Exchange
 
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