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| Share Name | Share Symbol | Market | Type | Share ISIN | Share Description |
|---|---|---|---|---|---|
| Turftrax | LSE:TTX | London | Ordinary Share | GB00B29VTJ93 | 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% | 0.45 | 0.00 | 01:00:00 |
| Industry Sector | Turnover | Profit | EPS - Basic | PE Ratio | Market Cap |
|---|---|---|---|---|---|
| 0 | 0 | N/A | 0 |
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TurfTrax plc (the "Company")
Update
Further to the announcement made by the Company on 1 September 2008, the Board
advises that it is in discussions with a party to consider the sale of the
remaining trade and assets of the Company. In addition, the Company is in
discussions with a number of parties to provide it with further capital
following the disposal.
Such a disposal and fund raising would require the consent of shareholders and
it is the intention of the Board to convene a general meeting of the Company
and seek shareholder consent, inter alia, (1) for such a disposal, (2) to adopt
an investing strategy pursuant to AIM Rule 15 for Companies and (3) to
reorganise the share capital of the Company to enable it to raise further
funds.
The Company currently has limited cash resources and without successful
completion of such proposals would be unable to continue to trade.
A further update announcement will be made in due course.
For further information:
TurfTrax plc
Adam Mills, Chairman
Tel: 01722 434 000
Nominated Adviser to TurfTrax plc
Dowgate Capital Advisers Limited
Liam Murray
Tel: 020 7492 4777
Broker to TurfTrax plc
Newland Stockbrokers Limited
Stephen Goschalk
Tel: 020 7290 2400
END
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