entu (UK) plc Notice of intention to appoint Administrators (0420P)

TIDMENTU

RNS Number : 0420P

entu (UK) plc

25 August 2017

The information contained within this announcement is deemed by the Company to constitute inside information stipulated under the Market Abuse Regulation (EU) No. 596/2014. Upon the publication of this announcement via the Regulatory Information Service, this inside information is now considered to be in the public domain.

Entu (UK) plc

("Entu", the "Group" or the "Company")

Notice of intention to appoint Administrators

On 24 August 2017, the Company's ordinary shares were suspended from trading pending clarification of its financial position.

Today, 25 August 2017, the Board has concluded that the holding company of the Group, Entu (UK) plc, is no longer able to continue trading as a going concern whilst pursuing a sale of the business and has filed notice of intention to appoint administrators to the Company.

Unless financial circumstances change, and in accordance with statutory requirements, the Board intend to appoint administrators within 10 business days. The secured creditor can, however, appoint administrators without the requirement for notice.

The Company will make further announcements in due course.

ENQUIRIES

 
 entu 
  Ian Blackhurst, Chief Executive Officer 
  Neill Skinner, Chief Financial Officer     020 7457 2020 
 Zeus Capital Limited (Nomad & Broker) 
  Andrew Jones / Dan Bate 
  John Goold / Dominic King                  020 3829 5000 
 

This information is provided by RNS

The company news service from the London Stock Exchange

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August 25, 2017 08:38 ET (12:38 GMT)