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Share Name | Share Symbol | Market | Type | Share ISIN | Share Description |
---|---|---|---|---|---|
Eleksen Grp | LSE:ELG | London | Ordinary Share | GB00B12GJ944 | ORD 5P |
Price Change | % Change | Share Price | Bid Price | Offer Price | High Price | Low Price | Open Price | Shares Traded | Last Trade | |
---|---|---|---|---|---|---|---|---|---|---|
0.00 | 0.00% | 9.00 | 0.00 | 01:00:00 |
Industry Sector | Turnover | Profit | EPS - Basic | PE Ratio | Market Cap |
---|---|---|---|---|---|
0 | 0 | N/A | 0 |
RNS Number:1190F Eleksen Group PLC 04 October 2007 Eleksen Group plc ('Eleksen' or 'the Company') 4 October 2007 The Board of Eleksen announces that it intends this morning to appoint administrators to the Company and has requested that trading in its ordinary shares be suspended with immediate effect. On 28 August 2007, Eleksen released a trading statement and stated that the Company was in need of further funding. Subsequently, on 21 September 2007, Eleksen provided a further update in its interim results for six months to 30 June 2007. The announcement made clear the pressing need for further funding, which might or might not be forthcoming, and also highlighted potential going concerns issues. Since this time the directors have vigorously explored the available options. The directors have now concluded with regret that there are no proposals which offer sufficient certainty of raising additional funding within an acceptable timescale and therefore there is no alternative but to appoint administrators. Consequently, the Company has requested that the London Stock Exchange plc suspend trading in its shares with immediate effect. ENDS For further information, please contact: Eleksen Group plc 08700 727272 Robin Shephard, Chief Executive Panmure Gordon 0207 459 3600 Andrew Godber Cubitt Consulting 020 7367 5100 Michael Henman Allison Reid About Eleksen Eleksen's core technology, ElekTex(R), enables fabric to be programmed, creating touch sensitive controls for a wide range of electronic devices. Eleksen's initial focus is on wearables, such as soft MP3 controllers integrated into outdoor jackets, rucksacks and suits; and on soft, fabric keyboards for smartphones and PDAs. A wide range of other applications may exist including solutions for the toy, industrial, military, automotive and healthcare markets. Further information on the Group is available at www.eleksen.com This information is provided by RNS The company news service from the London Stock Exchange END SRSUSRRRBKRRRRA
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