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| Share Name | Share Symbol | Market | Type | Share ISIN | Share Description |
|---|---|---|---|---|---|
| Mnc Strategic | LSE:MNCS | London | Ordinary Share | GB00BNGXS216 | ORD 0.1P |
| Price Change | % Change | Share Price | Bid Price | Offer Price | High Price | Low Price | Open Price | Shares Traded | Last Trade | |
|---|---|---|---|---|---|---|---|---|---|---|
| 0.00 | 0.00% | 250.00 | 0.00 | 01:00:00 |
| Industry Sector | Turnover | Profit | EPS - Basic | PE Ratio | Market Cap |
|---|---|---|---|---|---|
| 0 | 0 | N/A | 0 |
From May 2019 to May 2024
TIDMLZYE
RNS Number : 8476V
LZYE Group PLC
18 December 2013
18 December 2013
LZYE Group plc (the "Company")
Movement in Share Price
The Board of LZYE Group Plc notes the fall in the Company's share price over the last few days.
The Company is in discussions with a Chinese company regarding a strategic partnership. If these discussions successfully conclude then the Chinese company will become LZYE's strategic partner in China as well as providing ongoing access to finance to fund the Company's growth in this important market. As part of these discussions the Chinese company is considering subscribing for new equity shares in LZYE in order to provide additional working capital and purchasing shares from ISF Asset Manager Limited, a substantial shareholder in LZYE. Any such investment is likely to be at the nominal value of the ordinary shares being 1 pence per share.
If these discussions are not successful then LZYE will need to rely on its principal shareholder, ISF Asset Manager Limited, to provide ongoing financial support, such support has been confirmed in writing to the Board. The Company will make a further announcement as appropriate.
The Company also announces that it will be releasing its half year results for the period to 30 September 2013 on or before 31 December 2013.
For more information, please contact:
LZYE Group plc +44(0)20 7653 9850
Dominic Yeung, Chairman
Michelle Lai, Chief Executive
Zeus Capital (Nominated Adviser and Broker)
Ross Andrews, Andrew Jones +44(0)161 831 1512
NewgateThreadneedle
Graham Herring/Alex White/Heather Armstrong +44(0)20 7653 9850
This information is provided by RNS
The company news service from the London Stock Exchange
END
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