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Share Name | Share Symbol | Market | Type | Share ISIN | Share Description |
---|---|---|---|---|---|
Customvis | LSE:CUS | London | Ordinary Share | GB0033220350 | ORD 0.01P |
Price Change | % Change | Share Price | Bid Price | Offer Price | High Price | Low Price | Open Price | Shares Traded | Last Trade | |
---|---|---|---|---|---|---|---|---|---|---|
0.00 | 0.00% | 0.93 | 0.00 | 01:00:00 |
Industry Sector | Turnover | Profit | EPS - Basic | PE Ratio | Market Cap |
---|---|---|---|---|---|
0 | 0 | N/A | 0 |
TIDMCUS RNS Number : 2221M CustomVis plc 19 May 2010 19 May 2010 CustomVis plc ("CustomVis" or "the Company") Further re. Suspension of trading on AIM and Directorate Change Further to the announcements made on 19 and 22 April 2010 the Board of the Company announces that they are working closely with the Administrator of the Company's principal Australian subsidiary, CLVR Pty Ltd ("CLVR") and a number of parties regarding the Company's major technology asset, the Pulzar Z1 refractive laser. On 18 May 2010 the Company, as the largest creditor of CLVR, received notice from the Administrator convening a Second Meeting of the Creditors of CLVR on 25 May, 2010. The Administrators have indicated that the alternatives available for Creditors to consider at this meeting are as follows: · CLVR to execute a deed of company arrangement ("DOCA"); · the administration to end; or · CLVR to be wound up/liquidated. In addition, the Creditors of CLVR may resolve to adjourn the meeting for up to 45 business days. In the correspondence received from the Administrator the Company notes that at the time of writing to Creditors no proposal for a DOCA had been received by the Administrator. The directors of CustomVis are not aware of any DOCA being registered since the date of the Administrator's correspondence. Furthermore, at the time of writing to creditors, the Administrator stated that it is their opinion that it would be in creditors' interest for CLVR to be liquidated. The Company will seek to update Shareholders following the Second Meeting of Creditors. Directorate Change The Company also advises that it has accepted the resignation of Mr Stuart Usher, non-executive director, who was appointed to the Board on 11 February 2010, with immediate effect. Mr Usher has resigned to pursue other business interests. -ends- For further information, please contact: +---------------------------------+---------------------------------+ | CustomVis plc | | +---------------------------------+---------------------------------+ | Simon Carroll, Chairman | +61 419 304 906 | | Paul van Saarloos, CEO | +61 410 497 456 | +---------------------------------+---------------------------------+ | | | +---------------------------------+---------------------------------+ | Merchant John East Securities Limited | +-------------------------------------------------------------------+ | David Worlidge / Simon Clements | 020 7628 2200 | +---------------------------------+---------------------------------+ | | | +---------------------------------+---------------------------------+ | Leander PR | | +---------------------------------+---------------------------------+ | Christian Taylor-Wilkinson | 07795 168 157 | +---------------------------------+---------------------------------+ This information is provided by RNS The company news service from the London Stock Exchange END FURGMGMKKLFGGZM
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