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| Share Name | Share Symbol | Market | Type | Share ISIN | Share Description |
|---|---|---|---|---|---|
| Wallgate | LSE:WGT | London | Ordinary Share | GB00B29Q2280 | ORD 0.075P |
| Price Change | % Change | Share Price | Bid Price | Offer Price | High Price | Low Price | Open Price | Shares Traded | Last Trade | |
|---|---|---|---|---|---|---|---|---|---|---|
| 0.00 | 0.00% | 0.625 | 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 : 7858I
Wallgate Group PLC
24 November 2008
Embargoed Release: 14:00hrs Monday 24 November 2008
Wallgate Group plc
("Wallgate" or the "Company")
Temporary suspension
Wallgate (AIM ticker: WGT.L) today announces that it has requested a temporary suspension, with immediate effect, of trading of its
shares on AIM, whilst the Company clarifies its financial position. As of today the Board has been unable to raise the required £1,000,000
to enable the Company to continue trading beyond 28 November 2008. The Board is continuing to discuss the Proposed Placing with a number of
potential investors and is also discussing extending the agreement to freeze certain outstanding balances with major commercial creditors of
the Company, but there is no certainty that these initiatives will be successful.
Capitalised terms in this announcement have the same meanings as in the circular sent to Wallgate shareholders on 29 October 2008.
A further announcement will be made shortly.
For further information on the Company please see www.wallgategroup.com or contact:
Wallgate Group plc Howard Strowman, Chief +44(0) 20 7559 1313
Executive
Simon Fine, Finance Director +44(0) 12 0470 6624
Strand Partners Limited Stuart Faulkner +44(0) 20 7409 3494
James Spinney
St Helen's Capital Plc Ruari McGirr +44(0) 20 7628 5582
Hansard Group John Bick +44(0) 20 7245 1100
This information is provided by RNS
The company news service from the London Stock Exchange
END
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