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Share Name | Share Symbol | Market | Type | Share ISIN | Share Description |
---|---|---|---|---|---|
Lambert Hwth. | LSE:LMBT | London | Ordinary Share | GB0005017966 | ORD 10P |
Price Change | % Change | Share Price | Bid Price | Offer Price | High Price | Low Price | Open Price | Shares Traded | Last Trade | |
---|---|---|---|---|---|---|---|---|---|---|
0.00 | 0.00% | 18.50 | 0.00 | 01:00:00 |
Industry Sector | Turnover | Profit | EPS - Basic | PE Ratio | Market Cap |
---|---|---|---|---|---|
0 | 0 | N/A | 0 |
RNS Number:1147F Lambert Howarth Group PLC 03 October 2007 3 October 2007 Lambert Howarth Group PLC (the "Company") Appointment of Administrator to the Company On 26 July 2007 the Company made an announcement that due to unforeseen circumstances it was unable to proceed with its proposed fundraising, which had received good support from new investors during marketing. The unforeseen circumstance referred to in that announcement was that the Company's largest customer had informed the Company that it was undertaking a review of its supplier base and was unable to confirm the continued levels of business to be placed with Lambert Howarth. As a result of the uncertainty over future levels of business and the cancellation of the fundraising, the Company was unable to publish its annual report and accounts for the year ended 31 December 2006. On 13 September 2007 the Company received notification from its largest customer that it was its intention not to place any further orders with Lambert Howarth and it was their intention to source the products supplied by Lambert Howarth from different channels which could include sourcing directly from some of the Company's appointed manufacturers. Having received clarification on certain outstanding issues from its major customer and having considered all other possible courses of action, the Board has now concluded that it would be in the best interests of the creditors of the Company for an administrator to be appointed. The Board has therefore today appointed partners from BDO Stoy Hayward as Administrator to the Company. Shareholders and creditors will be kept informed of any further updates. This information is provided by RNS The company news service from the London Stock Exchange END STROKNKQFBDDFKK
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