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| Share Name | Share Symbol | Market | Type | Share ISIN | Share Description |
|---|---|---|---|---|---|
| Hertford | LSE:HIG | London | Ordinary Share | GB00B29KF658 | 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% | 1.50 | 0.00 | 01:00:00 |
| Industry Sector | Turnover | Profit | EPS - Basic | PE Ratio | Market Cap |
|---|---|---|---|---|---|
| 0 | 0 | N/A | 0 |
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TIDMHIG
RNS Number : 0430C
Hertford International Group PLC
05 November 2009
5 November 2009
HERTFORD INTERNATIONAL GROUP PLC
("hertforD") oR ("the company")
temporary suspension of trading on aim
In November 2008, Hertford announced the acquisition of Cheque Exchange Limited
("CEL") from Provident Financial Plc ("Provident Financial"). The acquisition,
which completed in January this year, comprised both an immediate cash payment
to Provident Financial and deferred consideration. A dispute has arisen between
Provident Financial and the Company in respect of the payment of the deferred
consideration and the two parties' rights under the acquisition contract.
In the meantime and until there is further clarification over this matter, given
that CEL comprises a substantial part of Hertford's business and the financial
impact (positive or negative) on the Company cannot be gauged, the Company has
requested a temporary suspension of the trading of its ordinary shares on AIM.
The Directors are confident that this dispute can be resolved on a sensible
commercial basis. A further announcement will be made within seven days.
For further information please contact:
Hertford International Group Plc
Lewis Findlay - Chief Executive Tel: +44 (0) 20 3178 4440
Arbuthnot Securities Limited
Nick Tulloch Tel: +44 (0) 207 012 2000
This information is provided by RNS
The company news service from the London Stock Exchange
END
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