LMH Loanmakers

    RNS Number : 3179L
  Loanmakers (Holdings) PLC
  08 January 2009
   
    Loanmakers (Holdings) Plc 
    ("Loanmakers", the "Company" or the "Group")

    Update

    Further to the announcement of the Company's interim results for the six months ended 30 September 2008, released on 23 December 2008,
the Board of Loanmakers provides the following update. 

    In the aforementioned announcement the Board highlighted the significant downturn in its trading performance and that it was unlikely
that this would improve in the second half of the financial year. The Board also made reference to its disappointment that the recently
proposed �1.86m underwritten open offer was rejected by shareholders, as this represented an opportunity to inject capital into the business
and that accordingly the Board was reviewing the funding and other options for the Group.

    Since that announcement, the Directors have continued working towards finding a solution for the Group but to date no such solution has
been forthcoming and trading continues to be poor.  

    Further announcements will be made as appropriate.       

    08 January 2009

    Further information:

    Loanmakers (Holdings) Plc                        Tel:  01204 678 200
    Ges Ratcliffe, Chief Executive

    Charles Stanley Securities                         Tel: 020 7149 6000
    Nominated Adviser and Broker 
    Richard Thompson / Carl Holmes 


This information is provided by RNS
The company news service from the London Stock Exchange
 
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