Suspension Of Shares

 

TIDMATCG 
 
RNS Number : 4055U 
AT Communications Group Plc 
24 June 2009 
 

Suspension of Shares 
On 24 March 2009, the Company announced the disposal (the "Disposal") of its 
wholly owned subsidiary, Rocom Limited ("Rocom") to Nimans Holdings Limited 
("Nimans"). The Company announces that it has received notice of a possible 
claim from Nimans under the warranties in the sale and purchase agreement 
relating to the Disposal, together with a notice of a proposed purchase price 
adjustment under the completion accounts mechanism in the sale and purchase 
agreement. The Board is seeking advice as to the merits of the warranty claim 
and the proposed completion accounts adjustment, which in aggregate amount to 
GBP3.62 million. 
 
 
As announced on 1 June, the Company will not receive cash from a major customer 
on the time schedule originally expected. Taking these developments together, 
and following discussions with its Bank, ATC announces that it has requested a 
suspension, with immediate effect, of trading of its shares on AIM, pending 
clarification of the Company's financial position. 
 
 
A further announcement will be made as soon as possible. 
 
 
Enquiries 
 
 
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| AT Communications Group plc        |                                                                                   08700 | 
|                                    |                                                                                   558   | 
|                                    |                                                                                   080   | 
+------------------------------------+-----------------------------------------------------------------------------------------+ 
| Scott Kean, Chief Executive        |                                                                                         | 
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| www.atcommunications.co.uk         |                                                                                         | 
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| Cenkos Securities plc              |                                                                                   020   | 
|                                    |                                                                                   7397  | 
|                                    |                                                                                   8924  | 
+------------------------------------+-----------------------------------------------------------------------------------------+ 
| Stephen Keys                       |                                                                                         | 
+------------------------------------+-----------------------------------------------------------------------------------------+ 
| www.cenkos.com                     |                                                                                         | 
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| Biddicks                           |                                                                                   020   | 
|                                    |                                                                                   7448  | 
|                                    |                                                                                   1000  | 
+------------------------------------+-----------------------------------------------------------------------------------------+ 
| Shane Dolan                        |                                                                                         | 
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This information is provided by RNS 
            The company news service from the London Stock Exchange 
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