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Share Name | Share Symbol | Market | Type | Share ISIN | Share Description |
---|---|---|---|---|---|
Ottoman | LSE:OTM | London | Ordinary Share | GB00B0PJ6V42 | ORD NPV |
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 |
TIDMOTM
RNS Number : 7236Z
Ottoman Fund Limited (The)
31 May 2016
31 May 2016
THE OTTOMAN FUND LIMITED (the "Company")
Statement re: Suspension
The Company announces that trading in the Company's ordinary shares on AIM will be suspended with immediate effect pending publication of the Company's half-yearly report for the six months ended 29 February 2016. The board remains in negotiations seeking to recover shareholder funds that have been embezzled as well as other legal issues in Turkey. As disclosed in the Company's 2015 Annual Report and Accounts this includes a loan held by Mandalina of approximately GBP1 million that the board believes is held in a Turkish bank account, and civil and criminal proceedings against the Company's former chief financial officer for approximately GBP1 million. Both these issues have reached a critical stage which has created a material uncertainty with regard to the publication of the Company's half-yearly report.
The board is working hard to get clarity on these points as soon as possible in the interests of shareholders, following which it expects to be able to publish its half-yearly report and resume trading on AIM.
Enquiries:
N+1 Singer James Maxwell / Gillian Martin 0207 496 3000 Vistra Fund Services Limited Company Secretary 01534 504 700
This information is provided by RNS
The company news service from the London Stock Exchange
END
SUSSDASUFFMSEEI
(END) Dow Jones Newswires
May 31, 2016 05:31 ET (09:31 GMT)
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