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Share Name | Share Symbol | Market | Type | Share ISIN | Share Description |
---|---|---|---|---|---|
Sport Media | LSE:SPMG | London | Ordinary Share | GB00B11FCP94 | ORD 0.25P |
Price Change | % Change | Share Price | Bid Price | Offer Price | High Price | Low Price | Open Price | Shares Traded | Last Trade | |
---|---|---|---|---|---|---|---|---|---|---|
0.00 | 0.00% | 0.925 | 0.00 | 01:00:00 |
Industry Sector | Turnover | Profit | EPS - Basic | PE Ratio | Market Cap |
---|---|---|---|---|---|
0 | 0 | N/A | 0 |
TIDMSPMG SPORT MEDIA GROUP PLC ("Sport Media", "SPMG" or "the Company") SUSPENSION OF SHARES Sport Media Group PLC (AIM: SPMG.L) announces that, at the request of the Company, trading of its shares on AIM has been temporarily suspended from 1 April 2011 7:45am pending clarification of its financial position. The Company has experienced an insufficient recovery in trading since the adverse weather in December 2010 (as announced on 25 February 2011) with consequential pressure on the Company's working capital position. This has led to uncertainty around ongoing support from its bankers. The Company is working with the bank to resolve these issues and will update the market as soon as practicable. The Company further announces that Robert Johnson, Executive Director, has tendered his resignation from the Board of the Company with immediate effect, to focus his attention on the operational management of the Digital Division. He remains a Director of Netcollex Ltd, a wholly owned subsidiary of the Company, and Telecom2 Ltd, a 51% subsidiary of Netcollex Ltd. For further information, please contact: Sport Media Group Plc Andrew Fickling, Chief Executive Officer Neil Robertson, Group Finance Director Tel: + 44 (0) 161 236 4466 www.sportmediagroup.co.uk Daniel Stewart & Company plc Oliver Rigby/Noelle Greenaway Tel: + 44 (0) 20 7776 6550 www.danielstewart.co.uk This announcement is distributed by Thomson Reuters on behalf of Thomson Reuters clients. The owner of this announcement warrants that: (i) the releases contained herein are protected by copyright and other applicable laws; and (ii) they are solely responsible for the content, accuracy and originality of the information contained therein. Source: Sport Media Group PLC via Thomson Reuters ONE [HUG#1502518]
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