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| Share Name | Share Symbol | Market | Type | Share ISIN | Share Description |
|---|---|---|---|---|---|
| Eatonfield | LSE:EFD | London | Ordinary Share | GB00B1FQDQ64 | ORD 0.1P |
| Price Change | % Change | Share Price | Bid Price | Offer Price | High Price | Low Price | Open Price | Shares Traded | Last Trade | |
|---|---|---|---|---|---|---|---|---|---|---|
| 0.00 | 0.00% | 0.20 | 0.00 | 01:00:00 |
| Industry Sector | Turnover | Profit | EPS - Basic | PE Ratio | Market Cap |
|---|---|---|---|---|---|
| 0 | 0 | N/A | 0 |
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RNS Number : 8388S
Eatonfield Group plc
16 September 2010
16 September 2010
Eatonfield Group plc
("Eatonfield" or "the Group")
Working capital funding
On 24 June 2010, the board of Eatonfield announced that the Group had sufficient
working capital funding through to mid-September 2010. The board now expects the
Group's existing financial resources will provide it with sufficient working
capital funding until mid-October 2010.
Whilst certain of the Group's banking facilities are due for renewal on 30
September 2010, the board remains in discussions with the Group's banking
partners to obtain an extension to these facilities. The board is also seeking
to raise additional equity funding which, due to Eatonfield's current share
price being below the nominal value of one penny per ordinary share, will
require a capital reorganisation. A circular convening a general meeting to
consider the capital reorganisation will be sent to shareholders in due course.
The board is also progressing a range of strategic options to secure the Group's
longer term future and further updates will be provided at the appropriate time.
For further information please contact:
+------------+---------+
| Eatonfield | Tel: |
| Group plc | +44 |
| | (0)1829 |
| | 261 910 |
+------------+---------+
| Rob | |
| Lloyd | |
| (Group | |
| Chief | |
| Executive) | |
+------------+---------+
| Duncan | |
| Syers | |
| (Group | |
| Finance | |
| Director) | |
+------------+---------+
+-------------------------------------+------------------------------+
| Evolution Securities Limited | Tel: +44 (0)113 243 1619 |
| | |
+-------------------------------------+------------------------------+
| Joanne Lake/Peter Steel | |
+-------------------------------------+------------------------------+
+-------------------------------------+------------------------------+
| Optiva Securities Limited | Tel: +44 (0)203 137 1904 |
| | |
+-------------------------------------+------------------------------+
| Jeremy King | |
+-------------------------------------+------------------------------+
+-------------------------------------+------------------------------+
| Threadneedle Communications | Tel: +44 (0)207 653 9850 |
| | |
+-------------------------------------+------------------------------+
| Graham Herring/John Coles | |
+-------------------------------------+------------------------------+
End
This information is provided by RNS
The company news service from the London Stock Exchange
END
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