entu (UK) plc Suspension of Trading on AIM (8378O)

TIDMENTU

RNS Number : 8378O

entu (UK) plc

24 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

Suspension of Trading on AIM

Entu (UK) plc, (the "Company") confirms that whilst it is continuing advanced discussions with a third party in relation to a proposed refinancing, based on the current discussions and regardless of whether or not an agreement is reached, it is likely that the parent company will be placed into administration with a view to selling its trading businesses. The Board further reports that the current proposals that are being considered attribute no value to the equity in the Company.

Pending resolution of the above and clarification of its financial circumstances, the Company has applied for suspension of trading in the Company's ordinary shares on AIM with effect from 7:30 a.m. today.

The Board will provide a further update shortly.

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

END

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August 24, 2017 02:00 ET (06:00 GMT)