HIG Hertford

 

TIDMHIG 
 
RNS Number : 0430C 
Hertford International Group PLC 
05 November 2009 
 

5 November 2009 
 
 
HERTFORD INTERNATIONAL GROUP PLC 
("hertforD") oR ("the company") 
 
 
temporary suspension of trading on aim 
 
 
In November 2008, Hertford announced the acquisition of Cheque Exchange Limited 
("CEL") from Provident Financial Plc ("Provident Financial"). The acquisition, 
which completed in January this year, comprised both an immediate cash payment 
to Provident Financial and deferred consideration. A dispute has arisen between 
Provident Financial and the Company in respect of the payment of the deferred 
consideration and the two parties' rights under the acquisition contract. 
 
 
In the meantime and until there is further clarification over this matter, given 
that CEL comprises a substantial part of Hertford's business and the financial 
impact (positive or negative) on the Company cannot be gauged, the Company has 
requested a temporary suspension of the trading of its ordinary shares on AIM. 
 
 
The Directors are confident that this dispute can be resolved on a sensible 
commercial basis.  A further announcement will be made within seven days. 
 
 
For further information please contact: 
 
 
Hertford International Group Plc 
Lewis Findlay - Chief Executive Tel: +44 (0) 20 3178 4440 
 
 
Arbuthnot Securities Limited 
Nick Tulloch Tel: +44 (0) 207 012 2000 
 
 
 
This information is provided by RNS 
            The company news service from the London Stock Exchange 
   END 
 
 SRSDGMGMZKZGLZM 
 

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