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Share Name | Share Symbol | Market | Type | Share ISIN | Share Description |
---|---|---|---|---|---|
Scs Upholstery | LSE:SUY | London | Ordinary Share | GB0002199924 | ORD 1P |
Price Change | % Change | Share Price | Bid Price | Offer Price | High Price | Low Price | Open Price | Shares Traded | Last Trade | |
---|---|---|---|---|---|---|---|---|---|---|
0.00 | 0.00% | 6.50 | 0.00 | 01:00:00 |
Industry Sector | Turnover | Profit | EPS - Basic | PE Ratio | Market Cap |
---|---|---|---|---|---|
0 | 0 | N/A | 0 |
RNS Number : 2629X ScS Upholstery PLC 23 June 2008 For immediate release 23 June 2008 ScS Upholstery PLC ("ScS" or "the Company") Suspension of shares The Company announced on 15 June 2008 that it was in discussions with a number of external parties to address the working capital requirements of its suppliers, and therefore its own working capital position. During these discussions, the directors have received an approach from one of the parties to acquire the entire share capital of its sole trading subsidiary. This approach would see the trading subsidiary being provided with substantial working capital facilities that would fully resolve the working capital issues and ensure all suppliers have a strong and ongoing relationship with the business. To enable discussions to be progressed to a speedy conclusion the Company has entered into exclusive discussions with the external party, and due diligence is underway. However, as these discussions have developed, it has become clear to the Directors of ScS that the extent of the additional working capital funding required may result in only negligible value being attributed to the shares in ScS Upholstery PLC. As a result, the Directors of ScS have requested a suspension in the trading of the Company's shares with immediate effect. A further announcement will be made in due course. Enquiries: David Knight 0191 5146054 ScS Upholstery PLC Nicola Cronk 020 746 65000 Buchanan Communications This information is provided by RNS The company news service from the London Stock Exchange END SRSPUUPUQUPRUMW
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