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| Share Name | Share Symbol | Market | Type | Share ISIN | Share Description |
|---|---|---|---|---|---|
| Widney | LSE:WDNY | London | Ordinary Share | GB0009665778 | ORD 1P |
| Price Change | % Change | Share Price | Bid Price | Offer Price | High Price | Low Price | Open Price | Shares Traded | Last Trade | |
|---|---|---|---|---|---|---|---|---|---|---|
| 0.00 | 0.00% | 2.00 | 0.00 | 01:00:00 |
| Industry Sector | Turnover | Profit | EPS - Basic | PE Ratio | Market Cap |
|---|---|---|---|---|---|
| 0 | 0 | N/A | 0 |
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TIDMWDNY
RNS Number : 2764N
Widney PLC
13 February 2009
Widney plc ("Widney" or the "Company")
Trading update and suspension of trading
Widney announces, that following a review of the Company's trading position, the
Board now believes that it will not be able to proceed with the proposed
fundraising, although as announced on 21 January 2009 the Directors recognise
that the Company must raise additional working capital in the short term to
continue to trade.
Trading in the last few weeks has materially deteriorated. Accordingly, the
Directors have resolved not to proceed with the planned fundraising and have
requested the immediate suspension of trading in its shares on AIM whilst they
consider a number of alternatives with a view to raising the necessary working
capital.
A further announcement will be made in due course.
+------------------------------------+-------------------------------------------+
| Widney Plc | Tel: 0121 327 5500 |
+------------------------------------+-------------------------------------------+
| Joe Grimmond, Chairman | |
+------------------------------------+-------------------------------------------+
| Graham Errington, Finance Director | |
+------------------------------------+-------------------------------------------+
| | |
+------------------------------------+-------------------------------------------+
| FinnCap | Tel: 0207 600 1658 |
+------------------------------------+-------------------------------------------+
| Clive Carver | |
+------------------------------------+-------------------------------------------+
| | |
+------------------------------------+-------------------------------------------+
| College Hill | Tel: 020 7457 2020 |
+------------------------------------+-------------------------------------------+
| Richard Pearson | |
+------------------------------------+-------------------------------------------+
This information is provided by RNS
The company news service from the London Stock Exchange
END
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