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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 |
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RNS Number : 9374N
Proventec PLC
21 June 2010
+------------------------------+------------------------------+
| Press Release | 21 June 2010 |
+------------------------------+------------------------------+
Proventec Plc
("Proventec" or the "Company")
Statement re: Suspension
The Board of Proventec announces that trading in the Ordinary Shares of the
Company has been suspended with immediate effect.
Further to the announcement on 18 June 2010, the Board has been looking at ways
of repaying and/or converting the loan notes in issue, as well as additional
financing for the business, but unfortunately the active discussions to secure
the necessary funds have now terminated without agreement having been reached.
The next interest payment on the loan notes, in the sum of approximately
GBP600,000, is due at the end of June and, without any additional funding, the
Company will be unable to make this payment. Accordingly, the Board is now
exploring possible options for the Company, which include placing the Company
into administration.
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 |
| | 8000 |
+-----------------------------------+--------------------------+
| Corporate Finance | www.seymourpierce.com |
+-----------------------------------+--------------------------+
Media enquiries:
+-----------------------------------+--------------------------+
| Abchurch Communications | |
+-----------------------------------+--------------------------+
| Henry Harrison-Topham / Hannah | Tel: +44 (0) 20 7398 |
| Sharman | 7702 |
+-----------------------------------+--------------------------+
| hannah.sharman@abchurch-group.com | www.abchurch-group.com |
+-----------------------------------+--------------------------+
This information is provided by RNS
The company news service from the London Stock Exchange
END
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