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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:3380Z In Cup Plus PLC 29 June 2007 29 June 2007 In Cup Plus Plc ("In Cup Plus" or the "Company") Announcement regarding Pacific Continental Securities (UK) Limited As part of the fundraising undertaken by the Company in July 2006, three option agreements were signed between Pacific Continental Securities (UK) Limited ("Pacific Continental") and the Company, giving the Company and Pacific Continental, the right but not the obligation, to put and call respectively an agreed financial quantum of In Cup Plus' ordinary shares between certain pre- agreed dates. As announced on 17 April 2007, the Company has exercised the first of these options with the remaining two options, each for #100,000, currently remaining unexercised. The directors of In Cup Plus have been advised that Pacific Continental has been placed into administrative receivership. The Board intends to exercise the first of these remaining options on 2 July under the previously agreed terms of the agreement and has held discussions with the administrative receiver. In the event that Pacific Continental's current position does not allow the exercise of the option agreement to become effective, the impact on the Company's working capital position would cause the Board to investigate the alternative financing options available to the Company. Pacific Continental is still acting as corporate broker to the Company. The Board will make a further announcement to shareholders when appropriate. Enquiries: In Cup Plus Martin Colenutt/Barry Marks 0870 746 1888 Deloitte Corporate Finance (nominated adviser to In Cup Plus) James Lewis 020 7936 3000 Pacific Continental Securities (UK) Limited (broker to In Cup Plus) David Morgan/Glynn Reece 020 7769 7769 This information is provided by RNS The company news service from the London Stock Exchange END STRILFVVRRIAFID
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