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Share Name | Share Symbol | Market | Type | Share ISIN | Share Description |
---|---|---|---|---|---|
Conival | LSE:CVL | London | Ordinary Share | GB00B01YXY55 | 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% | 0.075 | 0.00 | 01:00:00 |
Industry Sector | Turnover | Profit | EPS - Basic | PE Ratio | Market Cap |
---|---|---|---|---|---|
0 | 0 | N/A | 0 |
TIDMCVL RNS Number : 8070M Conival plc 04 February 2009 4 February 2009 Conival Plc ("Conival" or "the Company") Intention to consult an insolvency practitioner Following the Company's announcement on 28 January 2009 concerning the unexpected departure of its Chief Executive, a secured creditor of the Company has exercised its right under its debentures with the Company and the Company's wholly owned subsidiary, Glorious! International Limited ("Glorious" and together with Conival, "Conival Group"), to enforce its security and, accordingly, has taken an assignment of certain of the Conival Group's key assets. As a result, the Board of Conival announces that it has ceased to trade and will be taking immediate advice from an insolvency practitioner with a view to placing the Conival Group into liquidation. Historically, certain of the Company's products have been manufactured by TSC Foods Limited ("TSC"). Prior to the Company's secured creditor enforcing its security as referred to above, the Glorious granted TSC a trade mark sub-licence pursuant to which TSC assumed responsibility for marketing and supplying those products to customers. Glorious's rights and obligations under this sub-licence will be automatically transferred to the ultimate owner of the trade mark in the event that the Conival Group is liquidated. Enquiries: Conival plc 0870 389 6999 John Bick W.H. Ireland 0121 265 6330 Tim Cofman-Nicoresti This information is provided by RNS The company news service from the London Stock Exchange END MSCUSSVRKURURAR
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