Temporary suspension
30 June 2007 - 12:00AM
UK Regulatory
RNS Number:3394Z
Europe Vision PLC
29 June 2007
Europe Vision plc
(The 'Company')
Temporary Suspension
Europe Vision Plc (AIM:EVN), the AIM listed studio-to-screen European media
company, announces that it will not be reporting results for the year ended 31
December 2006 within the timeframe required by the AIM Rules. As a result its
trading in the ordinary shares on AIM will be temporarily suspended.
The Company is in this position because the valuation process regarding its key
asset has taken longer than first anticipated. Europe Vision's key asset is its
11pc stake in the Morocco Film City currently being constructed outside
Marrakech. Three independent valuations were commissioned, for accounting
purposes. Delivery of these valuations was not accomplished by the independent
valuers within the timeframe originally set down and this has had a knock-on
effect on the audit process;
It is the Company's intention to take all necessary and reasonable steps to
publish audited annual accounts for the accounting period ended 31 December
2006 by Friday 6 July 2007, at which point trading in the ordinary shares of
the Company will be restored.
- Ends -
Enquiries:
Europe Vision plc
David Lowe, Chairman
Bell Pottinger Corporate and Financial
Olly Scott 078 1234 5205
KBC Peel Hunt Ltd
Capel Irwin 020 7418 8907
Richard Newman 012 1698 2151
This information is provided by RNS
The company news service from the London Stock Exchange
END
SUSDGGZVFLLGNZM
Europe Vision (LSE:EVN)
Historical Stock Chart
From Jun 2024 to Jul 2024
Europe Vision (LSE:EVN)
Historical Stock Chart
From Jul 2023 to Jul 2024
Real-Time news about Environ Group (London Stock Exchange): 0 recent articles
More Europe Vision Plc News Articles