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Redhall Group PLC - Intention to appoint administrators

RNS Number : 3233A
Redhall Group PLC
28 May 2019
 

 

The information communicated in this announcement is deemed to constitute inside information as stipulated under the Market Abuse Regulations (EU) No. 596/2014. Upon the publication of this announcement, this inside information is now considered to be in the public domain.

For immediate release                                                                                                                 28 May 2019

 

Redhall Group plc

("Redhall" or the "Company")

 

Intention to appoint administrators

 

Further to the announcement on 24 May 2018, and following discussions with its advisors and lending bank, 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 intends to appoint administrators within 10 business days.

The Directors intend to allow the business to continue to trade and the Company is working alongside advisers in order to preserve as much value as possible for all stakeholders as it explores the opportunity for the sale of all or parts of the business.

The shares of Redhall Group plc remain suspended pending further notice.

Further announcements will be made as appropriate.

Contact details:

Redhall Group plc

Tel: +44 (0) 1924 385 386

Joe Oatley, Chairman

 

Buchanan, PR Adviser

Tel: +44 (0) 20 7466 5000

Mark Court, Sophie Wills, Hannah Ratcliff

 

 

 

GCA Altium, Nominated Adviser

Tel: +44 (0) 20 7484 4040

Tim Richardson

 

 

 

WH Ireland, Broker

Tel: +44 (0) 20 7220 1666

Adrian Hadden, Jessica Cave

 

 


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Quick facts: Redhall Group

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Market: AIM
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