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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:3843Z Lambert Howarth Group PLC 02 July 2007 Update on Potential Fundraising and Temporary Suspension of Shares Lambert Howarth Group plc (the "Company") Update on fundraising The Company announced on 17 May 2007 that it was in continuing discussions with various existing shareholders and new investors concerning the terms of a potential fundraising. As a result of a series of meetings with existing shareholders and new investors, the Company is now confident that it will shortly be in a position to send a Circular to shareholders containing details of a proposed placing of new ordinary shares to raise a minimum of #7.5 million in cash, before expenses, at a price at or near the current mid-market price of 18.5p per share. However, notwithstanding the positive feedback received from prospective equity investors to date, it should be noted that, as yet, no funding has been committed to the Company and there can be no guarantee that the proposed placing will be effected on the above terms. The Company's lending bank remains supportive of the fundraising process. Temporary Suspension of Shares Given the inter-relationship between the fundraising process and the timing of the publication of the Company's Report and Accounts for the year ended 31 December 2006, the Company has requested that the listing of the shares be temporarily suspended pending publication of the 2006 Accounts. The Company believes that a temporary suspension of listing of its shares is appropriate. The Company expects that listing of its shares will resume once the Circular to shareholders containing full details of the fundraising has been issued, and the 2006 Accounts have been filed, both of which are expected to take place by 20 July 2007. A further announcement will be made when appropriate. Enquiries: Lambert Howarth Group plc 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 SRSDKLFLDQBBBBZ
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