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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 | 01:00:00 |
| Industry Sector | Turnover | Profit | EPS - Basic | PE Ratio | Market Cap |
|---|---|---|---|---|---|
| 0 | 0 | N/A | 0 |
From May 2019 to May 2024
TIDMATH
RNS Number : 6484O
ATH Resources plc
15 October 2012
15 October 2012
ATH Resources plc
("ATH" or the "Company" or the "Group")
Update on Restructuring
On 5(th) October 2012, the Company announced that it was in discussions with its key stakeholders to secure support for a proposed refinancing plan. Consultations with key stakeholders, including the Company's lenders, are continuing, but developments over the past week have led the Directors to believe that the Company is unlikely to attract the level of capital required to continue operating without a restructuring of the Group. Given the level of liabilities within the Company, it is unlikely that shareholder value will be maintained following any possible restructuring.
Accordingly, the Company has instructed Deloitte LLP to advise on all restructuring options that may be available and to assist the Board in considering the merit of any proposals from parties who may be interested in investing in or acquiring the business.
The Company will update the market on developments in due course.
-End-
Contacts and enquiries:
ATH Resources plc Tel: +44 (0) 1302 760 462 David Port, Non Executive Chairman www.ath.co.uk Alistair Black, Chief Executive Andrew Weatherstone, Finance Director 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 Matthews www.hudsonsandler.com
This information is provided by RNS
The company news service from the London Stock Exchange
END
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