Fishing Republic PLC Statement re Suspension (2348E)

TIDMFISH

RNS Number : 2348E

Fishing Republic PLC

16 October 2018

Fishing Republic plc

("Fishing Republic" or "the Company" or "the Group")

Statement re Suspension

As announced in the Company's interim results statement on 27 September 2018, Group sales have been significantly affected by strong competitive pressures. This difficult trading environment has continued and the Board has been informed that certain major shareholders are no longer willing to provide further short-term financial assistance to the Group.

Trading in the Company's securities on AIM was therefore suspended at the Company's request pending clarification of its financial position.

A further announcement will be made in due course.

This announcement contains inside information for the purposes of Article 7 of Regulation (EU) 596/2014.

Enquiries:

 
Fishing Republic plc                  T: 020 3178 6378 (today) 
 James Newman, Executive Chairman 
 
KTZ Communications Limited            T: 020 3178 6378 
Katie Tzouliadis, Emma Pearson 
 
Northland Capital Partners Limited    T: 020 3861 6625 
Nominated Adviser and Broker 
Matthew Johnson, Jamie Spotswood, 
 David Hignell (Corporate Finance) 
Rob Rees (Corporate Broking) 
 

This information is provided by RNS, the news service of the London Stock Exchange. RNS is approved by the Financial Conduct Authority to act as a Primary Information Provider in the United Kingdom. Terms and conditions relating to the use and distribution of this information may apply. For further information, please contact [e-mail] or visit www.rns.com.

END

SRSLLFEVIILRLIT

(END) Dow Jones Newswires

October 16, 2018 09:52 ET (13:52 GMT)