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| Share Name | Share Symbol | Market | Type | Share ISIN | Share Description |
|---|---|---|---|---|---|
| Venue Sol | LSE:VSH | London | Ordinary Share | GB00B0T4GP95 | 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% | 0.525 | 0.00 | 00:00:00 |
| Industry Sector | Turnover | Profit | EPS - Basic | PE Ratio | Market Cap |
|---|---|---|---|---|---|
| 0 | 0 | N/A | 0 |
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RNS Number : 9510R
Venue Solutions Holdings PLC
08 May 2009
Venue Solutions Holdings PLC
8th May 2009
Venue Solutions Holdings Plc
Further to the announcement of 23rd April 2009 concerning the Court application
to remove the receiver of YourDay, Inc., the 53 per cent subsidiary of Venue
Solutions Plc ("Venue Solutions" or the "Company"), the outcome of the
proceedings is still awaited and the judgment is expected to be delivered
shortly. However, as a consequence of the receivership, no operations have been
commenced by YourDay at Alton Towers this year and no fees are being generated
by YourDay on this account.
Given the current lack of visibility of earnings together with the Venue
Solutions' Finance Director, Mark Boughton, indicating that he is leaving the
Company, the Company will be unable to announce its financial results for the
year ended 30th November 2008 by the end of May 2009 and as a result, dealings
in the Company's shares on the AIM market are being temporarily suspended,
pending further clarification.
Venue Solutions has no bank debt and the Venue Solutions Board is considering
appropriate restructuring proposals in connection with both YourDay and Venue
Solutions to seek to enable operations at Alton Towers to commence and to enable
the YourDay offering to be rolled out in other venues.
Further details will be announced in due course.
Enquiries:
Oliver Iny +44 (0) 207 417 8989
Executive Chairman
Haggie Financial LLP +44 (0) 207 417 8989
Nicholas Nelson/Kathy Boate Nicholas.nelson@haggie.co.uk
Arden Partner plc +44 (0) 20 7398 1600
Richard Day / Adrian Trimmings
This information is provided by RNS
The company news service from the London Stock Exchange
END
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