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Share Name | Share Symbol | Market | Type | Share ISIN | Share Description |
---|---|---|---|---|---|
Minorplanet | LSE:MPS | London | Ordinary Share | GB00B3W4T588 | ORD 20P |
Price Change | % Change | Share Price | Bid Price | Offer Price | High Price | Low Price | Open Price | Shares Traded | Last Trade | |
---|---|---|---|---|---|---|---|---|---|---|
0.00 | 0.00% | 6.00 | 0.00 | 01:00:00 |
Industry Sector | Turnover | Profit | EPS - Basic | PE Ratio | Market Cap |
---|---|---|---|---|---|
0 | 0 | N/A | 0 |
TIDMMPS RNS Number : 2864N Minorplanet Systems PLC 08 June 2010 8 June 2010 Minorplanet Systems plc ("Minorplanet" or the "Company") Suspension of Trading Further to the announcement earlier today that the Board of Minorplanet had requested the suspension of trading in its shares, the Company announces further details as follows. The Company and MPS 2010 Limited ("MPS 2010") have both received demand notices from DigiCore International Holdings BV ("DigiCore") for repayment of the GBP3.0m loan made recently to MPS 2010, the terms of which were set out in the announcement of 14 May 2010. The demand notices cited an event of default under the related loan agreement arising from a winding up petition being issued by RBS Invoice Finance Limited, on behalf of Assembly Contracts Limited, against the Company for a debt of GBP0.3m. The possible execution of the winding up petition was referred to in the Company's Interim Results Announcement issued on 28 May 2010. The demand notices were followed immediately by an enforcement notice issued to the Company which, inter alia, involves the exercise of DigiCore's security rights and results in the entire issued share capital of MPS 2010 being owned by DigiCore. The Board is seeking to address the winding up petition, which is due to be heard by the courts on 30 June 2010, and is considering the implications of the enforcement notice on the financial position of the Company. The Board continues to work with DigiCore in order to seek to deliver the wider commercial benefits envisaged from the transaction announced on 14 May 2010. Further announcements will be made in due course. For further information, please contact: +--------------------+----------------------------------+ | Minorplanet | Tel: 0113 346 7777 | | Systems plc | | +--------------------+----------------------------------+ | Terry Donovan, | terry.donovan@minorplanet.com | | Chief Executive | | +--------------------+----------------------------------+ | Richard Hopkin, | richard.hopkin@minorplanet.com | | Finance Director | | +--------------------+----------------------------------+ | | www.minorplanet.com | +--------------------+----------------------------------+ | | | +--------------------+----------------------------------+ | Shore Capital & | Tel: 020 7408 4090 | | Corporate Ltd | | +--------------------+----------------------------------+ | Anita Ghanekar | | +--------------------+----------------------------------+ | Edward Mansfield | | +--------------------+----------------------------------+ | | | +--------------------+----------------------------------+ | Rawlings Financial | Tel: 01653 618 016 | | PR Limited | | +--------------------+----------------------------------+ | Catriona Valentine | catriona@rawlingsfinancial.co.uk | +--------------------+----------------------------------+ | | www.rawlingsfinancial.co.uk | +--------------------+----------------------------------+ This information is provided by RNS The company news service from the London Stock Exchange END SRSUGUAPQUPUGMR
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