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Share Name | Share Symbol | Market | Type | Share ISIN | Share Description |
---|---|---|---|---|---|
Redhall Group Plc | LSE:RHL | London | Ordinary Share | GB0001112035 | ORD 0.01P |
Price Change | % Change | Share Price | Bid Price | Offer Price | High Price | Low Price | Open Price | Shares Traded | Last Trade | |
---|---|---|---|---|---|---|---|---|---|---|
0.00 | 0.00% | 1.60 | 0.00 | 01:00:00 |
Industry Sector | Turnover | Profit | EPS - Basic | PE Ratio | Market Cap |
---|---|---|---|---|---|
0 | 0 | N/A | 0 |
TIDMRHL
RNS Number : 0621A
Redhall Group PLC
24 May 2019
The information communicated in this announcement is deemed to constitute inside information as stipulated under the Market Abuse Regulations (EU) No. 596/2014. Upon the publication of this announcement, this inside information is now considered to be in the public domain.
Embargoed until 0730 on 24 May 2019
Redhall Group plc
("Redhall" or the "Company")
Trading update
Suspension of trading on AIM
Further to the trading update released on 1 May 2019, Redhall announces that overall trading remains challenging and that the Company's short-term cash flows are under pressure, in particular, with regard to certain tax liabilities.
The board of Redhall (the "Board") has been in active discussions with certain of the Company's major shareholders and creditors to provide additional funding capacity to allow the Company to alleviate the short-term cash flow pressure. However, it is now clear that there is no reasonable prospect that a viable solution for additional funding capacity can be found and the Board is now investigating all alternative options to optimise value for the Company's stakeholders. The Board notes that the outcome of this process and its impact on the Company's stakeholders remains uncertain.
The Board has requested that the Company's ordinary shares be suspended from trading on AIM pending clarification of the Company's financial position.
A further update will be made as and when appropriate.
Contact details:
Redhall Group plc Tel: +44 (0) 1924 385 386 Joe Oatley, Chairman Buchanan, PR Adviser Tel: +44 (0) 20 7466 5000 Mark Court, Sophie Wills, Hannah Ratcliff GCA Altium, Nominated Adviser Tel: +44 (0) 20 7484 4040 Tim Richardson WH Ireland, Broker Tel: +44 (0) 20 7220 1666 Adrian Hadden, Jessica Cave
This information is provided by RNS, the news service of the London Stock Exchange. RNS is approved by the Financial Conduct Authority to act as a Primary Information Provider in the United Kingdom. Terms and conditions relating to the use and distribution of this information may apply. For further information, please contact rns@lseg.com or visit www.rns.com.
END
FURLFFVLEVIVFIA
(END) Dow Jones Newswires
May 24, 2019 02:30 ET (06:30 GMT)
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