Conviviality PLC Notice of intention to appoint Administrators (3373J)
29 March 2018 - 5:02PM
UK Regulatory
TIDMCVR
RNS Number : 3373J
Conviviality PLC
29 March 2018
29 March 2018
Conviviality Plc
("Conviviality", the "Company" or the "Group")
Notice of intention to appoint Administrators
Further to the announcement on 28 March 2018, and following
discussions with its lending banks, the Board has resolved to file
notice of intention to appoint administrators to the Company.
Unless circumstances change, and in accordance with statutory
requirements, the Board intend to appoint administrators within 10
business days. The secured creditors can, however, appoint
administrators without the requirement for notice.
The Directors intend to allow the business to continue to trade
and the Company continues to work alongside advisers in order to
preserve as much value as possible for all stakeholders as it
explores a number of inbound enquiries regarding a potential sale
of all or parts of the business.
Further announcements will be made as appropriate.
Temporary Suspension of Trading on AIM
The shares of Conviviality Plc remain suspended pending further
notice.
Enquiries:
Investec (Nominated Adviser Tel: 020 7597 5970
and Broker)
Garry Levin / David Flin
/ Daniel Adams
FTI Consulting Tel: 020 3727 1000
Jonathon Brill / Georgina
Goodhew / Fiona Walker
The information contained within this announcement is deemed by
the Company to constitute inside information stipulated under the
Market Abuse Regulation (EU) No. 596/2014. Upon the publication of
this announcement via the Regulatory Information Service, this
inside information is now considered to be in the public domain.
The person responsible for arranging release of this information on
behalf of the Company is Ciaran Stone, Group Head of Legal &
Company Secretary.
This information is provided by RNS
The company news service from the London Stock Exchange
END
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March 29, 2018 02:02 ET (06:02 GMT)
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