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| Share Name | Share Symbol | Market | Type | Share ISIN | Share Description |
|---|---|---|---|---|---|
| Uvenco Uk | LSE:UVEN | London | Ordinary Share | GB00B29HFH73 | ORD 2P |
| Price Change | % Change | Share Price | Bid Price | Offer Price | High Price | Low Price | Open Price | Shares Traded | Last Trade | |
|---|---|---|---|---|---|---|---|---|---|---|
| 0.00 | 0.00% | 1.25 | 0.00 | 00:00:00 |
| Industry Sector | Turnover | Profit | EPS - Basic | PE Ratio | Market Cap |
|---|---|---|---|---|---|
| 0 | 0 | N/A | 0 |
From Mar 2020 to Mar 2025
TIDMUVEN
RNS Number : 1072P
Uvenco UK plc
24 May 2018
24 May 2018
UVENCO UK PLC ("Uvenco" or the "Company")
Sale of the assets of certain subsidiary companies
On 21 May 2018 the Company announced that it was considering options available to it following the receipt of an offer for the purchase of the assets of its three trading subsidiaries, Uvenco Limited, Snack in the Box Limited and Drinkmaster Limited (the "Trading Subsidiaries"), and an alternative offer to buy Drinkmaster Limited alone as a going concern.
The Board of the Company has currently concluded that the only deliverable option, in the time available to it, may be to pursue a sale of the trading assets only of the Trading Subsidiaries. This sale would be effected out of an administration. KPMG are advising the Company in this respect and any appointment will be confirmed by a separate announcement at the respective time.
The Directors will continue to operate the affairs of Uvenco UK plc.
Suspension of trading on AIM
At the request of the Company, trading on AIM in the Company's ordinary shares will be suspended from 7:30 a.m. today, pending clarification of its financial position.
Further announcements will be made in due course.
For further information:
Uvenco UK PLC Sergei Kornienko CEO 020 8879 8300
Jeremy Hamer, Chairman
Stockdale Securities Limited Tom Griffiths Richard Johnson 020 7601 6100
The information contained within this Announcement is deemed by the Company to constitute inside information as stipulated under the Market Abuse Regulation (EU) No. 596/2014.
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
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(END) Dow Jones Newswires
May 24, 2018 02:01 ET (06:01 GMT)
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