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| Share Name | Share Symbol | Market | Type | Share ISIN | Share Description |
|---|---|---|---|---|---|
| Joules Group Plc | LSE:JOUL | London | Ordinary Share | GB00BZ059357 | 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% | 9.22 | 9.40 | 9.60 | 0.00 | 01:00:00 |
| Industry Sector | Turnover | Profit | EPS - Basic | PE Ratio | Market Cap |
|---|---|---|---|---|---|
| 0 | 0 | N/A | 0 |
From May 2022 to May 2024
TIDMJOUL
RNS Number : 2270G
Joules Group plc
14 November 2022
This announcement contains inside information within the meaning of the Market Abuse Regulation.
Joules Group Plc
("Joules", the "Group", the "Company")
Update on Financing Process, Intention to Appoint Administrators and Suspension of Trading in Shares
On 7 November 2022, the Company announced it was in advanced discussions with a number of strategic investors to provide a cornerstone investment in an equity raise process. The Company also announced it was in discussions regarding a bridge financing proposal in order to enable continued progress to be made with the re-financing plans referred to above. The Board confirms these discussions with various parties have not been successful and have now terminated.
Regrettably therefore, the board of Joules has resolved to file a notice of intention to appoint Will Wright, Ryan Grant and Chris Pole of Interpath Advisory Limited as administrators to the Company and Joules Limited, and Will Wright and Ryan Grant to The Garden Trading Company Limited and Joules Developments Limited as soon as reasonably practicable.
The board is taking this action to protect the interests of its creditors.
In light of the above, the Board announces that it has requested a suspension of trading in the Company's ordinary shares on AIM with effect from 07.30 a.m. today.
Further announcements will be made in due course.
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Enquiries:
Joules Group plc Tel: +44 (0) 1858
435 255
Jonathon Brown, CEO
Caroline York, CFO
Hudson Sandler (Financial PR) Tel: +44 (0) 20
7796 4133
Alex Brennan
Lucy Wollam
Peel Hunt LLP (NOMAD and Joint Broker) Tel: +44 (0) 20
7418 8900
George Sellar
Andrew Clark
Liberum Capital Limited (Joint Broker) Tel: +44 (0) 20
3100 2000
John Fishley
Edward Thomas
This announcement contains inside information within the meaning of the Market Abuse Regulation. The person responsible for arranging release of this announcement on behalf of Joules is Caroline York, Chief Financial Officer.
This information is provided by RNS, the news service of the London Stock Exchange. RNS is approved by the Financial Conduct Authority to act as a Primary Information Provider in the United Kingdom. Terms and conditions relating to the use and distribution of this information may apply. For further information, please contact rns@lseg.com or visit www.rns.com.
RNS may use your IP address to confirm compliance with the terms and conditions, to analyse how you engage with the information contained in this communication, and to share such analysis on an anonymised basis with others as part of our commercial services. For further information about how RNS and the London Stock Exchange use the personal data you provide us, please see our Privacy Policy.
END
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(END) Dow Jones Newswires
November 14, 2022 02:00 ET (07:00 GMT)
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