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| Share Name | Share Symbol | Market | Type | Share ISIN | Share Description |
|---|---|---|---|---|---|
| Ath Resources | LSE:ATH | London | Ordinary Share | GB00B013H730 | ORD 0.5P |
| Price Change | % Change | Share Price | Bid Price | Offer Price | High Price | Low Price | Open Price | Shares Traded | Last Trade | |
|---|---|---|---|---|---|---|---|---|---|---|
| 0.00 | 0.00% | 0.325 | 0.00 | 00:00:00 |
| Industry Sector | Turnover | Profit | EPS - Basic | PE Ratio | Market Cap |
|---|---|---|---|---|---|
| 0 | 0 | N/A | 0 |
From Feb 2020 to Feb 2025
TIDMATH
RNS Number : 3943R
ATH Resources plc
19 November 2012
19 November 2012
ATH Resources plc
("ATH" or the "Company" or the "Group")
Trading Update
ATH Resources plc (AIM: ATH), one of the UK's largest coal producers, today issues the following announcement.
The Group has been notified by its lenders, HSBC PLC and Clydesdale Bank PLC (trading as Yorkshire Bank), that BECAP Fund LP has acquired some of ATH Resources plc and its subsidiaries' banking facilities and their related rights.
As a result of initial discussions with representatives of BECAP Fund LP the Board understands that a comprehensive review and restructuring of the Group's business will be required and that, given the existing level of liabilities in the Company, it is unlikely that existing shareholder value will be maintained. Following completion of the review the new lender may be prepared to inject new capital into a restructured business.
The Board will continue to update the market as appropriate.
Contacts and enquiries:
Hot Features
Premium
ATH Resources plc
David Port, Non Executive Chairman Tel: +44 (0) 7836 693 798
Alistair Black, Chief Executive Tel: +44 (0) 1302 760 462
www.ath.co.uk
Seymour Pierce Limited Tel: +44 (0) 207 107 8000
Stewart Dickson (Nominated Adviser) www.seymourpierce.com
Richard Redmayne / Katie Ratner (Broker)
Hudson Sandler Tel: +44 (0) 207 796 4133
Andrew Leach / Charlie Jack / Katie www.hudsonsandler.com
Matthews
This information is provided by RNS
The company news service from the London Stock Exchange
END
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