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Share Name | Share Symbol | Market | Type | Share ISIN | Share Description |
---|---|---|---|---|---|
Panceltica | LSE:PANC | London | Ordinary Share | JE00B2Q7JM31 | ORD NPV |
Price Change | % Change | Share Price | Bid Price | Offer Price | High Price | Low Price | Open Price | Shares Traded | Last Trade | |
---|---|---|---|---|---|---|---|---|---|---|
0.00 | 0.00% | 2.25 | 0.00 | 01:00:00 |
Industry Sector | Turnover | Profit | EPS - Basic | PE Ratio | Market Cap |
---|---|---|---|---|---|
0 | 0 | N/A | 0 |
TIDMPANC RNS Number : 9308W Panceltica Holdings Limited 05 August 2009 For immediate release 05 July 2009 Panceltica Holdings Limited (the "Company") Liquidation of subsidiary and resignation of Nomad and Broker Panceltica Holdings Limited announces that on 06 August 2009 its Qatar trading subsidiary Panceltica Qatar WLL will file for liquidation. Furthermore the Board of Panceltica Holdings Limited announces that it has today been notified by Blomfield Corporate Finance Limited of its resignation as nominated adviser to the Company, with immediate effect. In the event that a replacement nominated adviser is not appointed by the Company within one month, the listing of the Company's shares on AIM will be cancelled with effect from 07 September 2009. Additionally Religare Hichens Harrison has resigned as Broker to the Company with immediate effect. Both Blomfield Corporate Finance Limited and Religare Hichens Harrison will continue to provide advice to the Company as required. As announced on 26 June 2009 the Company is considering the sale of Scottsdale Holdings Limited ("the Scottsdale Group") (the New Zealand based manufacturer of steel roll forming machines purchased in 2008). The Board does not believe that there will be sufficient cash for a distribution to be made to its shareholders following any sale of the Scottsdale Group, the liquidation of Panceltica Qatar WLL and the payment of creditors. Furthermore the Board notes that following such disposal the Company would not be in a position to continue as an independent business. David Ball, CEO Tel: +974 431 1751 Patrick Mitchell, Company Secretary Blomfield Corporate Finance Limited, Nominated Adviser Tel: +44 (0)207 489 4500 Toby Howell / Peter Trevelyan-Clark Religare Hichens, Harrison & Co. plc, Broker Tel: +44 (0)20 7382 4450 Daniel Briggs / Nicholas Malins-Smith Buchanan Communications Tel: +44 (0) 20 7466 5000 Mark Edwards / Jeremy Garcia This information is provided by RNS The company news service from the London Stock Exchange END MSCSSWFFISUSEIA
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