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SFE Safestyle Uk Plc

0.32
0.00 (0.00%)
14 Jun 2024 - Closed
Delayed by 15 minutes
Share Name Share Symbol Market Type Share ISIN Share Description
Safestyle Uk Plc LSE:SFE London Ordinary Share JE00BGP63272 ORD 1P
  Price Change % Change Share Price Bid Price Offer Price High Price Low Price Open Price Shares Traded Last Trade
  0.00 0.00% 0.32 0.00 01:00:00
Industry Sector Turnover Profit EPS - Basic PE Ratio Market Cap
Manufacturing Industries,nec 154.32M -6.51M -0.0469 -0.07 444.37k

Safestyle UK PLC Further Update on Process & Suspension of Trading (4757R)

27/10/2023 7:00am

UK Regulatory


Safestyle Uk (LSE:SFE)
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From Jun 2023 to Jun 2024

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TIDMSFE

RNS Number : 4757R

Safestyle UK PLC

27 October 2023

27 October 2023

The information contained within this announcement is deemed by the Company to constitute inside information stipulated under the Market Abuse Regulation (EU) No. 596/2014 as it forms part of UK domestic law by virtue of the European Union (Withdrawal) Act 2018. Upon the publication of this announcement via the Regulatory Information Service, this inside information is now considered to be in the public domain.

Safestyle UK plc

("Safestyle" or the "Company" and together with its subsidiaries, the "Group")

Further Update on Process

and

Suspension of Trading on AIM

Safestyle UK plc (AIM: SFE.) provides the following update to its announcement of 26 October 2023 in relation to the process it has been undertaking to try and secure a Proposed Sale, as that term is defined in that announcement.

As negotiations progress with interested parties, it has become increasingly unlikely, in the reasonable belief of the Directors of Safestyle, that any Proposed Sale, even if it was completed, will result in any return to shareholders.

Due to the ongoing financial uncertainty regarding the Group, its limited working capital and the circumstances noted above, the Company has requested that its shares are suspended from trading on AIM with effect from 7.30am on 27 October 2023.

Further announcements will be made as and when appropriate.

For further information:

 
 Safestyle UK plc                              via FTI Consulting 
  Rob Neale, Chief Executive Officer 
  Phil Joyner, Chief Financial Officer 
 Zeus (Nominated Adviser & Joint Broker)       Tel: 0203 829 5000 
  Dan Bate / James Edis (Investment Banking) 
  Dominic King (Corporate Broking) 
 Liberum Capital Limited (Joint Broker)        Tel: 0203 100 2100 
  Jamie Richards / William King 
 FTI Consulting (Financial PR)                 Tel: 0203 727 1000 
  Alex Beagley / Sam Macpherson / Amy Goldup 
 

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.

RNS may use your IP address to confirm compliance with the terms and conditions, to analyse how you engage with the information contained in this communication, and to share such analysis on an anonymised basis with others as part of our commercial services. For further information about how RNS and the London Stock Exchange use the personal data you provide us, please see our Privacy Policy.

END

SUSXQLLLXBLXFBK

(END) Dow Jones Newswires

October 27, 2023 02:00 ET (06:00 GMT)

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