WDNY Widney

 

TIDMWDNY 
 
RNS Number : 2764N 
Widney PLC 
13 February 2009 
 

 
 
Widney plc ("Widney" or the "Company") 
Trading update and suspension of trading 
 
 
Widney announces, that following a review of the Company's trading position, the 
Board now believes that it will not be able to proceed with the proposed 
fundraising, although as announced on 21 January 2009 the Directors recognise 
that the Company must raise additional working capital in the short term to 
continue to trade. 
 
 
Trading in the last few weeks has materially deteriorated. Accordingly, the 
Directors have resolved not to proceed with the planned fundraising and have 
requested the immediate suspension of trading in its shares on AIM whilst they 
consider a number of alternatives with a view to raising the necessary working 
capital. 
 
 
A further announcement will be made in due course. 
+------------------------------------+-------------------------------------------+ 
| Widney Plc                         | Tel: 0121 327 5500                        | 
+------------------------------------+-------------------------------------------+ 
| Joe Grimmond, Chairman             |                                           | 
+------------------------------------+-------------------------------------------+ 
| Graham Errington, Finance Director |                                           | 
+------------------------------------+-------------------------------------------+ 
|                                    |                                           | 
+------------------------------------+-------------------------------------------+ 
| FinnCap                            | Tel: 0207 600 1658                        | 
+------------------------------------+-------------------------------------------+ 
| Clive Carver                       |                                           | 
+------------------------------------+-------------------------------------------+ 
|                                    |                                           | 
+------------------------------------+-------------------------------------------+ 
| College Hill                       | Tel: 020 7457 2020                        | 
+------------------------------------+-------------------------------------------+ 
| Richard Pearson                    |                                           | 
+------------------------------------+-------------------------------------------+ 
 
 
 
 
 
 
This information is provided by RNS 
            The company news service from the London Stock Exchange 
   END 
 
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