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| Share Name | Share Symbol | Market | Type | Share ISIN | Share Description |
|---|---|---|---|---|---|
| Panceltica | LSE:PANC | London | Ordinary Share | JE00B2Q7JM31 | 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% | 2.25 | 0.00 | 01:00:00 |
| Industry Sector | Turnover | Profit | EPS - Basic | PE Ratio | Market Cap |
|---|---|---|---|---|---|
| 0 | 0 | N/A | 0 |
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TIDMPANC
RNS Number : 9308W
Panceltica Holdings Limited
05 August 2009
For immediate release
05 July 2009
Panceltica Holdings Limited (the "Company")
Liquidation of subsidiary and resignation of Nomad and Broker
Panceltica Holdings Limited announces that on 06 August 2009 its Qatar trading
subsidiary Panceltica Qatar WLL will file for liquidation. Furthermore the
Board of Panceltica Holdings Limited announces that it has today been notified
by Blomfield Corporate Finance Limited of its resignation as nominated adviser
to the Company, with immediate effect. In the event that a replacement
nominated adviser is not appointed by the Company within one month, the listing
of the Company's shares on AIM will be cancelled with effect from 07 September
2009. Additionally Religare Hichens Harrison has resigned as Broker to the
Company with immediate effect. Both Blomfield Corporate Finance Limited and
Religare Hichens Harrison will continue to provide advice to the Company as
required.
As announced on 26 June 2009 the Company is considering the sale of Scottsdale
Holdings Limited ("the Scottsdale Group") (the New Zealand based manufacturer of
steel roll forming machines purchased in 2008). The Board does not believe that
there will be sufficient cash for a distribution to be made to its shareholders
following any sale of the Scottsdale Group, the liquidation of Panceltica Qatar
WLL and the payment of creditors. Furthermore the Board notes that following
such disposal the Company would not be in a position to continue as an
independent business.
David Ball, CEO Tel: +974 431 1751
Patrick Mitchell, Company Secretary
Blomfield Corporate Finance Limited, Nominated Adviser Tel: +44 (0)207 489
4500
Toby Howell / Peter Trevelyan-Clark
Religare Hichens, Harrison & Co. plc, Broker Tel: +44
(0)20 7382 4450
Daniel Briggs / Nicholas Malins-Smith
Buchanan Communications Tel:
+44 (0) 20 7466 5000
Mark Edwards / Jeremy Garcia
This information is provided by RNS
The company news service from the London Stock Exchange
END
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