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Share Name | Share Symbol | Market | Type | Share ISIN | Share Description |
---|---|---|---|---|---|
IN Cup | LSE:ICU | London | Ordinary Share | GB00B06C2Z82 | 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% | 0.10 | 0.00 | 01:00:00 |
Industry Sector | Turnover | Profit | EPS - Basic | PE Ratio | Market Cap |
---|---|---|---|---|---|
0 | 0 | N/A | 0 |
RNS Number:7406A In Cup Plus PLC 24 July 2007 In Cup Plus Plc ("In Cup Plus" or the "Company") Funding update and change of Registered Address Further to the announcement of 29 June 2007, the Directors of In Cup Plus ("the Directors") have been informed by Smith and Williamson Limited ("the Administrator"), the administrative receiver of Pacific Continental Securities (UK) Limited ("Pacific Continental"), that Pacific Continental will not be able to honour the option agreement for the sum of #100,000 which was exercised by the Company on 2 July 2007. Consequently the Company has terminated that option agreement and also the remaining option agreement, also for #100,000. As a result of the terms of the option agreement between the Company and Barry Marks, the Company will not be able to enforce the placing of #250,000 of ordinary shares to Mr Marks in October 2008. As a result of these events, the Directors of the Company believe that the Company has a working capital deficit that needs to be addressed. The Directors are currently in advanced discussions with a broker with a view to undertaking a placing to address this deficit. This broker would also be appointed as corporate broker to the Company on an ongoing basis. It is also anticipated that a similar option agreement with Barry Marks would be entered into. The Directors are hopeful that an announcement providing the details of the placing can be made in the very near future. The Directors also announce that they have resolved to change the address of the Company's registered office with immediate effect to: Unit 5 Station Close Potters Bar Hertfordshire EN6 1TL Enquiries: In Cup Plus Martin Colenutt / Barry Marks 0870 7461 8888 Deloitte Corporate Finance Jonathan Hinton 020 7936 3000 James Lewis This information is provided by RNS The company news service from the London Stock Exchange END MSCEANXLAEKXEEE
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