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Share Name | Share Symbol | Market | Type | Share ISIN | Share Description |
---|---|---|---|---|---|
Romag | LSE:ROM | London | Ordinary Share | GB0033665729 | ORD 25P |
Price Change | % Change | Share Price | Bid Price | Offer Price | High Price | Low Price | Open Price | Shares Traded | Last Trade | |
---|---|---|---|---|---|---|---|---|---|---|
0.00 | 0.00% | 35.50 | 0.00 | 01:00:00 |
Industry Sector | Turnover | Profit | EPS - Basic | PE Ratio | Market Cap |
---|---|---|---|---|---|
0 | 0 | N/A | 0 |
TIDMROM
RNS Number : 2462E
Romag Holdings PLC
04 April 2011
Romag Holdings PLC
("Romag" or the "Company")
Update re: Suspension of Trading
Appointment of Administrators
Sale of trade and assets
Resignation of Nominated Adviser
Following previous announcements regarding the suspension of the Company's shares, the Board is now providing an update.
Since the end of January 2011, the Company has been in discussions in an effort to secure additional funding and a restructuring of the Company's financing for the longer term. This has proved unsuccessful and, as a consequence, the Board announces today that partners from Deloitte LLP have been appointed as administrators of the Company and its subsidiary undertakings, Romag Limited and SHK Limited (the "Group") by the respective Boards of these companies.
Following the appointment of the administrators, the trade and assets of the Group have been sold to Ask the Genie Limited and Ask Genie Limited, two newly incorporated subsidiaries of Gentoo Group Limited, for a consideration which is not expected to result in any return to shareholders.
As a result of the above, Altium Capital Limited has today resigned as Nominated Adviser and Broker to Romag with immediate effect. Pursuant to AIM Rule 1, if a replacement Nominated Adviser is not appointed within one month the Exchange may cancel the admission of the Company's securities. Accordingly the potential cancellation time and date is 7.00am on 5(th) May 2011
Enquiries:
Deloitte Neil Matthews (Joint Administrator) Tel: +44 (0) 191 202 5408 Marielle Legair (media enquiries) Tel: +44 (0) 207 007 7320
This information is provided by RNS
The company news service from the London Stock Exchange
END
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