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Share Name | Share Symbol | Market | Type | Share ISIN | Share Description |
---|---|---|---|---|---|
Proventec | LSE:PROV | London | Ordinary Share | GB00B2R1Q018 | ORD 10P |
Price Change | % Change | Share Price | Bid Price | Offer Price | High Price | Low Price | Open Price | Shares Traded | Last Trade | |
---|---|---|---|---|---|---|---|---|---|---|
0.00 | 0.00% | 2.50 | 0.00 | 01:00:00 |
Industry Sector | Turnover | Profit | EPS - Basic | PE Ratio | Market Cap |
---|---|---|---|---|---|
0 | 0 | N/A | 0 |
TIDMPROV RNS Number : 9020N Proventec PLC 18 June 2010 +------------------------------+------------------------------+ | Press Release | 18 June 2010 | +------------------------------+------------------------------+ Proventec plc ("Proventec" or the "Company") Funding update The Board of Proventec plc (AIM:PROV, Alternext:ALPTC), a provider of specialist steam cleaning and coatings technologies, announces that, as disclosed in the Interim Results announcement on 23 November 2009, it continues to look at ways of repaying and/or converting the loan notes in issue or otherwise renegotiating their terms and this remains high on the agenda of the Board. The Company has loan notes in issue in the total amount of GBP14.6m which are listed on Alternext. The next interest payment on the loan notes, in the sum of approximately GBP600,000, is due at the end of June. The Board is actively negotiating to secure the necessary funding for this payment, as well as additional funding for the business, and remains confident that it will be able to reach agreement on the terms of such funding shortly. A further announcement will be made in due course. - Ends - For further information, please contact: +-----------------------------------+--------------------------+ | Proventec plc | | +-----------------------------------+--------------------------+ | David Chestnutt, Chief Executive | Tel: + 44 (0) 151 706 | | | 0626 | +-----------------------------------+--------------------------+ | dchestnutt@proventecplc.com | www.proventecplc.com | +-----------------------------------+--------------------------+ +-----------------------------------+--------------------------+ | Seymour Pierce Limited | +--------------------------------------------------------------+ | Nicola Marrin | Tel: + 44 (0) 20 7107 | | | 8047 | +-----------------------------------+--------------------------+ | Corporate Finance | www.seymourpierce.com | +-----------------------------------+--------------------------+ Media enquiries: +-----------------------------------+---------------------------+ | Abchurch Communications | | +-----------------------------------+---------------------------+ | Henry Harrison-Topham / Simone | Tel: +44 (0) 20 7398 7728 | | Elviss | | +-----------------------------------+---------------------------+ | simone.elviss@abchurch-group.com | www.abchurch-group.com | +-----------------------------------+---------------------------+ Notes to editors: Proventec manages a complementary portfolio of integrated businesses that specialise in hygienic solutions and preventative coatings technologies. Headquartered in Liverpool, UK, the Company operates in global markets, pioneering developments within the healthcare, food manufacturing, hospitality industries, transportation, construction, and other sectors. Companies in Proventec's portfolio include: +-----------------+----------------------------------+-----------+ | Company | Business area | Employees | | | | | +-----------------+----------------------------------+-----------+ | OspreyDeepClean | The world's leading provider of | 34 | | | low pressure, chemical-free, | | | | specialist dry saturated steam | | | | cleaning technology. | | | | | | +-----------------+----------------------------------+-----------+ | Contico | Provider of general cleaning | 45 | | Manufacturing | products and janitorial | | | | equipment and supplies. | | | | | | +-----------------+----------------------------------+-----------+ | Frank | Manufacturer and distributer of | 22 | | | automated cleaning systems and | | | | products including portable high | | | | pressure washers, self-service | | | | vehicle wash stations and dry | | | | steamers. | | | | | | +-----------------+----------------------------------+-----------+ | Magma | Develops a wide range fire | 4 | | Firestop | retardant coatings, for the | | | | treatment of building and | | | | thatching materials. | | | | | | +-----------------+----------------------------------+-----------+ | InnoShield | Develops transparent coatings | 1 | | Systems | protecting against UV rays and | | | | corrosion. | | | | | | +-----------------+----------------------------------+-----------+ Proventec Healthcareprovides innovative solutions for infection control and effective cleaning in the healthcare sector. The Company's specialist steam cleaning technology has been successfully proven in clinical trials with University College London Hospitals to rid all areas and combat the spread of micro-organisms, including 'superbugs' such as MRSA and Clostridium difficile. The Company, which employs a team of five, has developed specialist, patented tooling, which has been designed to be used within hospitals on a daily basis and enable the user to clean difficult to reach areas including mattresses, bed frames and curtains without the use of antimicrobial chemicals that may contribute to microbial resistance. The Company joined the AIM Market in June 2002 and was dual listed on Alternext in May 2008. For further information please visit www.proventecplc.com This information is provided by RNS The company news service from the London Stock Exchange END MSCFMGMVKRGGGZM
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