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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:8897A Lambert Howarth Group PLC 26 July 2007 26 July 2007 Fashion Group plc ("the Company") Potential Fundraising update and Appointment of Administrator to Orient Sourcing Services Limited ("the Natural World business") Potential Fundraising Further to the announcement made on 2 July 2007, the Company has decided that, owing to unforeseen circumstances, it can no longer proceed with its proposed equity fundraising. The Company is actively pursuing alternative courses of action. As a consequence of the cancellation of the proposed fundraising, the Company is not in a position to publish its annual report and accounts for the year ended 31 December 2006 and its shares will remain suspended from listing. In spite of the ongoing financial restructuring, the new management team has been highly successful in winning new business for the brands division, and the Company continues to trade normally. Natural World business The Company's Homeware Division comprises the UK homewares business (Orient Sourcing Services Limited, trading as Natural World) and the Spanish homewares business (trading as Natural Selection). The Natural World business has been loss-making for a number of years and the Board, in consultation with its lending bank, has concluded that it was not in the Group's interests to invest further additional capital in the business, given the requirement to conserve cash and reduce losses within the Group. In the interests of the creditors of Natural World administrators have been appointed. The Group is retaining Natural Selection, its Spanish-based homewares business, although the Group is actively reviewing options for that business, including a potential sale. A further announcement will be made when appropriate. Enquiries: Fred Vinton 020 7258 9917 Pamela Harper 020 7258 9917 Paul Owens 020 7258 9917 This information is provided by RNS The company news service from the London Stock Exchange END STRPUUQPMUPMGBA
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