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Share Name | Share Symbol | Market | Type | Share ISIN | Share Description |
---|---|---|---|---|---|
Meriden Grp | LSE:MRD | London | Ordinary Share | GB0032888470 | 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% | 0.04 | 0.00 | 01:00:00 |
Industry Sector | Turnover | Profit | EPS - Basic | PE Ratio | Market Cap |
---|---|---|---|---|---|
0 | 0 | N/A | 0 |
RNS Number:6035I Meriden Group PLC 07 September 2006 Meriden Group Plc ("the Company") Trading Update Further to the trading update announcement made on 4 September 2006, the Directors report that, despite receiving notification at 5.00pm on Friday 1 September that the legal advisors for Seafrance SA ("Seafrance") were taking their client's instructions as to whether or not they were prepared to enter the informal compromise agreement which has been proposed in respect of residual creditors of the Logistics division, they have still received no response. The Directors have continued to press Seafrance's solicitors for confirmation of their client's position and are disappointed to report this has not been forthcoming. In the absence of such clarification and ever mindful of the going concern issues that may result from the pending winding up petition that Seafrance has issued, the Directors have resolved to take the precautionary step of making an application to the court for the Company and its wholly owned subsidiary, Meriden Holdings Limited, to be placed into administration. The application was filed today at Birmingham High Court. In connection with this development, the Company has today requested that trading on AIM in its ordinary shares be suspended forthwith. Further update announcements will be made in due course. Enquiries: Russell Stevens, Chief Executive Tel: 07860 562621 Jonathan Wright, Seymour Pierce Tel: 020 7107 8000 This information is provided by RNS The company news service from the London Stock Exchange END TSTILFFDAVIRIIR
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