Statement re. Suspension
26 September 2008 - 4:30PM
UK Regulatory
RNS Number : 3798E
Hardy Amies PLC
26 September 2008
26 September 2008
Statement re-Suspension
Hardy Amies plc ("Hardy Amies" or the "Company")
Hardy Amies announces that it has requested that trading in its shares on AIM be suspended with immediate effect pending clarification
of the Company's financial position.
The Company has been provided with significant financial support to date in the form of substantial loans from its major shareholder,
Arev Brands Limited ("ABL"). The Company recently requested further financial support from ABL to fund ongoing working capital requirements.
The Directors of Hardy Amies were confident that the necessary funds would be forthcoming until late yesterday afternoon, when its major
shareholder informed the Company that it was unable to provide the requisite finance.
The Directors are considering the options for the Company in the light of this news, which may involve placing Hardy Amies into
administration.
Enquiries
Hardy Amies
Andrew Manders
Tel: 020 7734 2436
Shore Capital
Guy Peters
Tel: 0207 408 4090
This information is provided by RNS
The company news service from the London Stock Exchange
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