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Share Name | Share Symbol | Market | Type | Share ISIN | Share Description |
---|---|---|---|---|---|
Yorkshire Grp. | LSE:YOR | London | Ordinary Share | GB0009876201 | ORD 25P |
Price Change | % Change | Share Price | Bid Price | Offer Price | High Price | Low Price | Open Price | Shares Traded | Last Trade | |
---|---|---|---|---|---|---|---|---|---|---|
0.00 | 0.00% | 0.00 | - |
Industry Sector | Turnover | Profit | EPS - Basic | PE Ratio | Market Cap |
---|---|---|---|---|---|
0 | 0 | N/A | 0 |
RNS Number:9968X Yorkshire Group PLC 26 April 2004 26 April 2004 Yorkshire Group PLC (the "Company") The Company announces that it will not be in a position to finalise its results for the year ended 31 December 2003 by 29 April 2004. This has resulted in the suspension by the London Stock Exchange of the Company's shares in accordance with the Listing Rules of the UK Listing Authority. On 3 February 2004, the Company sent a circular to shareholders (the "Circular") seeking approval for the sale of the Americas Dye Business to Dystar. The sale was approved by shareholders on 19 February 2004. The circular set out the revised banking facilities which had been agreed with the Company's lenders and explained that the Group did not have sufficient working capital for its present requirements. The Company is pursuing discussions with potential purchasers of property assets, having received a number of offers and is having related discussions with its lenders to strengthen the financial position of the Group. Progress has been made in these discussions but no definitive results have yet emerged. As a result of these discussions, and other delays to the process of finalising the Company's accounts for the year ended 31 December 2003, the Company will not be able to publish the results by 29 April 2004. The Board is seeking to be in a position to publish the results by the end of May but the timing will depend on the outcome of the aforementioned discussions. While the turnover of the Group has been in line with the expectations of the Board when the Circular was published, trading conditions remain difficult, especially in the Asia Pacific region. Cash constraints are limiting the ability of the Group to trade as efficiently as the Board had intended. The Board anticipates that satisfactory resolution of the discussions with the Group's lenders, would alleviate these cash constraints, and continues to believe that the Group is capable of returning to profitability at the operating level in the medium term. Contact Andrew Dick TEL: 0113 244 3111 Yorkshire Group PLC This information is provided by RNS The company news service from the London Stock Exchange END SRSSEEFLMSLSESL
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