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| Share Name | Share Symbol | Market | Type | Share ISIN | Share Description |
|---|---|---|---|---|---|
| Equable Prop | LSE:EQU | London | Ordinary Share | GB00B1PJFT25 | ORD 1P |
| Price Change | % Change | Share Price | Bid Price | Offer Price | High Price | Low Price | Open Price | Shares Traded | Last Trade | |
|---|---|---|---|---|---|---|---|---|---|---|
| 0.00 | 0.00% | 0.50 | 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:2423V
Equable Properties PLC
20 April 2007
For Immediate Release, 20 April 2007
Equable Properties Plc
("Equable" or "the Company")
Delay in Payment for Shares
In compliance with Rule 11 of the AIM Rules, the Board of Equable announces
that, due to the need for permission to transfer funds from a foreign domicile
to the UK, the Company has experienced a delay in receiving payment in respect
of 42,857,143 ordinary shares from one of the subscribers to its recent placing
of 111,064,286 ordinary shares of 1p each at 1.4p ("Placing"). The Company has
received confirmation from the subscriber's bank that sufficient funds have
been deposited in a separate account awaiting consent for the funds to be
remitted to the UK in full satisfaction of the obligation. Such consent has
been applied for and is expected to be issued in due course.
Pending receipt of the funds, the Board is confident that the Company has
adequate working capital to meet its obligations and continue normal
operations.
The Company will make a further announcement when this matter is resolved.
For further information, please contact,
Desmond Bloom
Chief Executive, Equable Properties Plc
Tel. 07793 125 625
Ben Simons
Hansard Group
Tel. 020 7245 1100
Robert Lo/Marc Cramsie/Natasha Reed
Nabarro Wells & Co. Limited
Tel. 020 7710 7400
This information is provided by RNS
The company news service from the London Stock Exchange
END
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