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Share Name | Share Symbol | Market | Type | Share ISIN | Share Description |
---|---|---|---|---|---|
Plasmon | LSE:PLM | London | Ordinary Share | GB0006906381 | ORD 5P |
Price Change | % Change | Share Price | Bid Price | Offer Price | High Price | Low Price | Open Price | Shares Traded | Last Trade | |
---|---|---|---|---|---|---|---|---|---|---|
0.00 | 0.00% | 0.33 | 0.00 | 01:00:00 |
Industry Sector | Turnover | Profit | EPS - Basic | PE Ratio | Market Cap |
---|---|---|---|---|---|
0 | 0 | N/A | 0 |
RNS Number : 5260E Plasmon PLC 29 September 2008 Plasmon Plc Update On 5 September 2008, Plasmon announced that it had continued its marketing exercise with a view to securing additional debt or equity capital and that it had not received commitments from potential investors that the Directors considered immediately necessary to fund the business and its ongoing working capital requirements. The Company also confirmed that it had received an approach from a US-based technology private equity firm at an investment value of some $25 million and at a net price payable to shareholders of not more than 0.25 pence in cash per share, and confirmed that it was in preliminary discussions which may or may not lead to an offer for the entire issued and to be issued share capital of the Company. The investment value included a significant injection of new funds to enable a major restructuring to be completed. Given the absence of other financing options, and given the Company's financial position, the Board concluded that such a sale was the best viable option for the Company. The Company now confirms that these discussions have terminated. In the circumstances, Plasmon has requested, and the FSA has confirmed, an immediate suspension of the listing of the ordinary shares of the Company on the Official List of the FSA. A further announcement will be made when appropriate. Enquiries: Plasmon Plc Steven FX Murphy: Chief Executive 01763 261 466 Timothy Arthur: Finance Director 01763 261 466 Citigate Dewe Rogerson / Martin Jackson 020 7638 9571 / Ged Brumby This information is provided by RNS The company news service from the London Stock Exchange END SUSIIFLTAAIAFIT
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