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Share Name | Share Symbol | Market | Type |
---|---|---|---|
Cimarex Energy Co | NYSE:XEC | NYSE | Common Stock |
Price Change | % Change | Share Price | High Price | Low Price | Open Price | Shares Traded | Last Trade | |
---|---|---|---|---|---|---|---|---|
0.00 | 0.00% | 87.20 | 0 | 01:00:00 |
RNS Number:1122I XecutiveResearch Group PLC 28 February 2003 Press Announcement XecutiveResearch Group Plc 28 February 2003 XecutiveResearch Group PLC (the "Company") announces that since the publication on 30 January 2003, of the final results for the period ended 31 July 2002, the downturn in the number of prospects completing has continued and has put intense pressure on liquidity. Recently, creditor pressure in its principal trading subsidiary, XecutiveResearch Limited ("XRL"), has become such that the Directors of the Company have reluctantly concluded that it is no longer in the interests of the Company and its shareholders to continue to support the ongoing losses in XRL. Accordingly they have decided to withdraw the Company's continuing financial support for XRL; as a result, the XRL directors have concluded that, while limited trading activities in the subsidiary will continue for the benefit of creditors for the time being, it is likely that the XRL will enter liquidation within the near future. With the balance sheet of the Company strengthened by the recent share exchange with Jubilee Investment Trust PLC, the Directors will continue to explore opportunities for the development of the Company for the benefit of all shareholders, which may include seeking to continue the business of executive search in a modified and restructured form. No decisions have yet been taken in this regard and a further announcement will be made in due course. - ends - This information is provided by RNS The company news service from the London Stock Exchange END MSCUWVWROARUURR
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