Share Name Share Symbol Market Type Share ISIN Share Description
Modern Water Plc LSE:MWG London Ordinary Share GB00B1XF5X66 ORD 0.25P
  Price Change % Change Share Price Bid Price Offer Price High Price Low Price Open Price Shares Traded Last Trade
  +0.00p +0.00% 1.575p 1.45p 1.70p 1.575p 1.575p 1.575p 0 08:00:00
Industry Sector Turnover (m) Profit (m) EPS - Basic PE Ratio Market Cap (m)
Gas Water & Utilities 4.2 -2.5 -2.2 - 2

Modern Water PLC Trading Update

07/06/2019 10:55am

UK Regulatory (RNS & others)


Modern Water (LSE:MWG)
Historical Stock Chart

6 Months : From Mar 2019 to Sep 2019

Click Here for more Modern Water Charts.

TIDMMWG

RNS Number : 5363B

Modern Water PLC

07 June 2019

Modern Water plc

("Modern Water" or "the Company")

Trading and working capital update

 
For immediate release  7 June 2019 
 
 

Modern Water plc, the owner of world-leading technologies for water and wastewater treatment and for water quality monitoring, announces a trading and working capital update.

Despite positive indicators as disclosed in the recent Annual Report, cash flows have been slower than anticipated from the Membranes Division and, consequently, additional working capital will be required in the short-term to meet the Group's requirements. The Monitoring Division continues to trade in line with expectations and the Company is awaiting developments on the Gibraltar waste water contract.

The Board is engaged with a number of potential funding parties with a view to providing the working capital needed, which may or may not include a new equity issue. Although no guarantees can be given that these talks will come to fruition, the Board believes these options to be viable and a further update will be made as appropriate.

This announcement contains inside information for the purposes of Article 7 of EU Regulation 596/2014.

For further information:

 
Modern Water plc                                            +44 (0) 1483 696 000 
Simon Humphrey, Chief Executive 
 Cairn Financial Advisers LLP (Nominated Adviser)            +44 (0) 207 213 0880 
Sandy Jamieson / Tony Rawlinson 
 Ludovico Lazzaretti 
Turner Pope Investments (Broker) 
 Andy Thacker                                               +44 (0) 20 3621 4120 
 
 

Notes to editors:

Modern Water is a pioneering and innovative technology company, specialising in membrane water treatment solutions and advanced monitoring products. The Company works for customers in a range of industries across the globe and owns proprietary technologies for use in a diverse range of applications. Modern Water's Monitoring Division has a portfolio of world-leading toxicity and trace metal monitoring products, some of which constitute the regulatory standard. The headline technology of the Company's Membrane Division, called "AMBC", can be used to tackle complex wastewater treatment problems at a reduced cost compared to standard processes, while being simple to operate.

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.

END

TSTUBVKRKUANRRR

(END) Dow Jones Newswires

June 07, 2019 05:55 ET (09:55 GMT)

1 Year Modern Water Chart

1 Year Modern Water Chart

1 Month Modern Water Chart

1 Month Modern Water Chart
Your Recent History
LSE
MWG
Modern Wat..
Register now to watch these stocks streaming on the ADVFN Monitor.

Monitor lets you view up to 110 of your favourite stocks at once and is completely free to use.

By accessing the services available at ADVFN you are agreeing to be bound by ADVFN's Terms & Conditions

P: V:gb D:20190920 07:52:42