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| Share Name | Share Symbol | Market | Type | Share ISIN | Share Description |
|---|---|---|---|---|---|
| Marinetrack | LSE:MTRK | London | Ordinary Share | GB00B3BKBK60 | ORD 0.01P |
| Price Change | % Change | Share Price | Bid Price | Offer Price | High Price | Low Price | Open Price | Shares Traded | Last Trade | |
|---|---|---|---|---|---|---|---|---|---|---|
| 0.00 | 0.00% | 0.05 | 0.00 | 01:00:00 |
| Industry Sector | Turnover | Profit | EPS - Basic | PE Ratio | Market Cap |
|---|---|---|---|---|---|
| 0 | 0 | N/A | 0 |
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RNS Number : 0108M
Marinetrack Holdings PLC
21 January 2009
21 January 2009
MarineTrack Holdings Plc ("MarineTrack" or the "Company")
Statement regarding suspension
On 16 January 2009, MarineTrack announced that its trading environment has
become even more challenging with sales further impacted by the worldwide
economic downturn, and it needed to secure additional financing if it was to
continue trading beyond the end of this month.
Since then, the Company has held discussions with its key suppliers and
financiers with a view to securing the short term position of the Company. While
there remains interest in supporting the Company, the board of MarineTrack does
not believe that it will be able to raise the necessary additional finance
within a short timeframe.
Accordingly, given the uncertainty as to its ability to continue trading, the
Company has requested a suspension of trading in its shares on AIM pending
clarification of its financial position.
Enquiries:
Duncan Lipscombe, Director
MarineTrack Holdings Plc
Tel: 07775 681648
www.marinetrackholdingsplc.co.uk
Philip Secrett / Colin Aaronson
Grant Thornton UK LLP (Nominated Adviser)
Tel: 020 7383 5100
About the Company
MarineTrack Holdings plc's primary operating business is MarineTrack Ltd.
MarineTrack Ltd is a telematics business supplying tracking, alert,
alarm, monitoring and messaging solutions mainly to the commercial and
recreational maritime markets.
These solutions, which integrate hardware
and software, utilise global positioning systems ("GPS") to identify the
location and movements of marine vessels, as well as monitoring their
operational status against pre-determined parameters.
This information is provided by RNS
The company news service from the London Stock Exchange
END
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