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| Share Name | Share Symbol | Market | Type | Share ISIN | Share Description |
|---|---|---|---|---|---|
| Conviviality | LSE:CVR | London | Ordinary Share | GB00BC7H5F74 | ORD 0.02P |
| Price Change | % Change | Share Price | Bid Price | Offer Price | High Price | Low Price | Open Price | Shares Traded | Last Trade | |
|---|---|---|---|---|---|---|---|---|---|---|
| 0.00 | 0.00% | 101.20 | 101.20 | 102.00 | 0.00 | 01:00:00 |
| Industry Sector | Turnover | Profit | EPS - Basic | PE Ratio | Market Cap |
|---|---|---|---|---|---|
| 0 | 0 | N/A | 0 |
From Apr 2019 to Apr 2024
TIDMCVR
RNS Number : 9146H
Conviviality PLC
16 March 2018
16 March 2018
Conviviality Plc
(the "Company")
Further Update
Further to the update announcement on 14 March 2018, the Company has been actively engaging with its stakeholders while it continues to work through its funding requirements:
-- Customers and suppliers remain supportive of the Company and are working closely and constructively with the Company at this time;
-- We have had constructive discussions with our lenders which are on-going;
-- PwC are undertaking a review of the business and its future finding requirements and this work stream is progressing well;
-- The Company has engaged with HM Revenues and Customs ("HMRC") regarding the GBP30.0 million payment due on the 29 March 2018. HMRC has been receptive to our needs and these discussions continue; and
-- The Company is engaging with its advisers and broker regarding the possibility of an equity fundraise to effect a recapitalisation of the business.
The Board wishes to express its gratitude to all its stakeholders for their on-going support during this difficult period for the Company.
A further update will be provided in due course.
The shares of Conviviality Plc remain suspended pending further notice.
Enquiries:
Conviviality Plc Tel: 01270 614 700 Diana Hunter, Chief Executive Officer Mark Moran, Chief Financial Officer Investec (Nominated Adviser Tel: 020 7597 5970 and Broker) Garry Levin / David Flin / Daniel Adams FTI Consulting Tel: 020 3727 1000 Jonathon Brill / Georgina Goodhew / Fiona Walker
This information is provided by RNS
The company news service from the London Stock Exchange
END
FURJAMMTMBJBTBP
(END) Dow Jones Newswires
March 16, 2018 03:00 ET (07:00 GMT)
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