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Share Name | Share Symbol | Market | Type | Share ISIN | Share Description |
---|---|---|---|---|---|
Greatfleet | LSE:GFG | London | Ordinary Share | GB00B2QBB969 | ORD 20P |
Price Change | % Change | Share Price | Bid Price | Offer Price | High Price | Low Price | Open Price | Shares Traded | Last Trade | |
---|---|---|---|---|---|---|---|---|---|---|
0.00 | 0.00% | 8.50 | 0.00 | 01:00:00 |
Industry Sector | Turnover | Profit | EPS - Basic | PE Ratio | Market Cap |
---|---|---|---|---|---|
0 | 0 | N/A | 0 |
RNS Number : 8261Y Greatfleet PLC 10 July 2008 For immediate release 10 July 2008 Greatfleet plc ("Greatfleet" or the "Company") Further re suspension of shares Further to the suspension of the Company's shares from trading on AIM at 14:15 pm yesterday the Board of Greatfleet is providing an update on the Company's financial position. The Company received notice from one of its major creditors on 9 July 2008 that it required immediate repayment of significant amounts owed to them, having previously informally accepted repayment by instalments. This amount is an accumulation of payments due to the creditor since 2004. As a consequence of this, the Company's invoice discounting provider notified the Company yesterday that it was no longer prepared to advance funds to the Company until a payment plan has been agreed with the creditor concerned. At this time the Board do not believe it is likely that such a payment plan can be agreed. In addition, over the last couple of months trading in the Company's Qualitas business has continued in line with the Board's expectations. However, trading at Longbridge, the Group's search and selection business in the legal, banking, finance and technology sectors, has deteriorated significantly in May and June to a level well below management's expectations, leading to a substantial reduction in the Company's working capital. The Board is seeking advice as to the best way to protect the interests of creditors and shareholders. The Board will make further announcements as appropriate. For further information please contact: Greatfleet plc Colin Gerstein, Chief Executive Officer Tel: 0845 881 0700 Noble & Company Limited Nick Naylor / Nick Athanas Tel: 0207 763 2200 This information is provided by RNS The company news service from the London Stock Exchange END MSCZBLFFVDBZBBL
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