We could not find any results for:
Make sure your spelling is correct or try broadening your search.
Register for Free to get streaming real-time quotes, interactive charts, live options flow, and more.
| Share Name | Share Symbol | Market | Type | Share ISIN | Share Description |
|---|---|---|---|---|---|
| Polyfuel Regs | LSE:PYF | London | Ordinary Share | COM SHS USD0.001 (REG S) |
| Price Change | % Change | Share Price | Bid Price | Offer Price | High Price | Low Price | Open Price | Shares Traded | Last Trade | |
|---|---|---|---|---|---|---|---|---|---|---|
| 0.00 | 0.00% | 3.50 | 0.00 | 01:00:00 |
| Industry Sector | Turnover | Profit | EPS - Basic | PE Ratio | Market Cap |
|---|---|---|---|---|---|
| 0 | 0 | N/A | 0 |
Hot Features
Premium
TIDMPYF
RNS Number : 3728X
PolyFuel Inc.
13 August 2009
13 August 2009
PolyFuel to cease operations
The Board of PolyFuel has previously announced that it was exploring various
strategic alternatives, including the possible sale of the Company or an orderly
wind down of its operations.
Unfortunately, notwithstanding extensive efforts during the past several months,
the Board and its banker, KBC Peel Hunt have been unable to secure a
satisfactory offer for the Company on a going concern basis. Consequently
PolyFuel will be ceasing operations immediately and the Board will be seeking
shareholder approval for the dissolution of the Company and liquidation of its
assets.
As part of this process the Board will also be seeking approval to delist from
AIM and the London Stock Exchange has agreed that trading of the Company's
shares continue to be suspended pending the cancellation of the Company's AIM
listing.
A circular will be sent out in due course.
Harry Fitzgibbons, a non-executive Director of PolyFuel since July 2005, has
elected to resign from the Board at this time, with immediate effect. The Board
would like to thank Harry for his support and advice over the past four years,
and wishes him well for the future.
End
For further information, please contact:
+----------------------------------------------+------------------------+
| PolyFuel, Inc | Tel: +1 650 429 4600 |
+----------------------------------------------+------------------------+
| Jim Balcom, Chief Executive Officer | |
| Tom Caldwell, Chief Financial Officer | |
| | |
+----------------------------------------------+------------------------+
| Hogarth Partnership Limited | Tel: +44 (0)20 7357 |
| | 9477 |
+----------------------------------------------+------------------------+
| Nick Denton / Ian Payne | |
| | |
+----------------------------------------------+------------------------+
| KBC Peel Hunt (Nominated Adviser and Broker) | Tel: +44 (0)20 7418 |
| | 8900 |
+----------------------------------------------+------------------------+
| Jonathan Marren / David Anderson | |
+----------------------------------------------+------------------------+
This information is provided by RNS
The company news service from the London Stock Exchange
END
MSCUOVVRKARWARR
1 Year Polyfuel Chart |
1 Month Polyfuel Chart |
It looks like you are not logged in. Click the button below to log in and keep track of your recent history.
Support: +44 (0) 203 8794 460 | support@advfn.com
By accessing the services available at ADVFN you are agreeing to be bound by ADVFN's Terms & Conditions
