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| Share Name | Share Symbol | Market | Type | Share ISIN | Share Description |
|---|---|---|---|---|---|
| Otium Ventures | LSE:OTV | London | Ordinary Share | GB00B29KF658 | 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% | 1.25 | 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
TIDMOTV
RNS Number : 8617E
Otium Ventures PLC
13 April 2011
13 April 2011
Otium Ventures Plc ("Otium" or the "Company")
Completion of Company Voluntary Arrangement ("CVA")
On 1 November 2010 the Company announced that resolutions had been passed at a general meeting of the Company which enabled the Company to receive an injection of GBP225,000 of new capital and provided funds to enable Otium to discharge in full its liabilities under the CVA. Details of the CVA were originally announced by Otium on 26 April 2010 and the CVA was approved by shareholders and creditors on 12 May 2010.
The Board of Otium is pleased to announce that the CVA has now been fully discharged. The Company is now debt free, excluding the convertible loan notes held by John McKeon and Palmdale Investment SA (further details of which are contained in the circular posted to shareholders on 15 October 2010).
The Company's shares are currently suspended from trading on AIM in accordance with Rule 15 of the AIM Rules and Otium has until 12 May 2011 to complete a reverse takeover or its shares will be cancelled from trading on AIM.
The Board are at an advanced stage of exploring potential opportunities and expect to provide a further update to shareholders in the near future.
For further information:
Otium Ventures Plc
Paul Seakens Tel: +44 (0) 20 3005 9924
Alex Lubin Allenby Capital Limited Tel: +44 (0) 203 328 Nick Athanas 5656 James Reeve
For more information, please visit: www.otiumventures.com
This information is provided by RNS
The company news service from the London Stock Exchange
END
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