Environmental Recycling Tech. PLC Trading Update (4258Z)
May 26 2016 - 7:15AM
UK Regulatory
TIDMENRT
RNS Number : 4258Z
Environmental Recycling Tech. PLC
26 May 2016
Environmental Recycling Technologies plc
Trading Update
26 May 2016
The announcement for Environmental Recycling Technologies plc
released on 26 May 2016 at 11:30 under RNS no. 4144Z is amended as
follows:
ENRT confirms that the clarification of its trading and
financial position is in relation to current uncertainly regarding
the sufficiency of its working capital, and that further updates
will be made as soon as practicable.
All other details remain unchanged.
The full amended text is shown below.
Environmental Recycling Technologies Plc (AIM:ENRT) announces
that it has requested suspension of its shares from dealings on AIM
pending clarification of its trading and financial position in view
of current uncertainty regarding the sufficiency of its working
capital.
Since the decision not to proceed with the most recent strategic
discussions, as announced on May 18 2016, the Board has
subsequently received several business propositions which the
directors are evaluating with a view to securing the long term
future of the Company.
However, following the announcement there has been an unusually
high volume of shares traded in the Company and the Board is
concerned that an orderly market in the shares must be maintained
while these commercial discussions continue. Accordingly, the
directors have requested an immediate suspension of dealings to
enable negotiations to be progressed and an evaluation
made as to whether a new viable business can be developed.
The Company is required under the AIM Rules for Companies to
publish its audited accounts for the year ended 31 December 2015 no
later than 30 June 2016. Further updates will be made as soon as
practicable.
For further information:
Environmental Recycling Technologies plc
Michael Rowan (Chairman) 01993 779 468
W H Ireland
John Wakefield 0117 945 3470
This information is provided by RNS
The company news service from the London Stock Exchange
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May 26, 2016 07:15 ET (11:15 GMT)
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