Suspension of Shares
April 03 2009 - 2:00AM
UK Regulatory
TIDMWKT
RNS Number : 0642Q
Walker (Thomas) PLC
03 April 2009
Thomas Walker PLC
Suspension Request
As indicated in announcements made by the Company on 12 March 2009 and 30 March
2009, the Board believes that further restructuring of the business is required
in response to the continuing low levels of sales and order intake.
It has now become clear to the Board that the Company is unlikely to be able to
raise the additional finance which, as previously announced, the Directors have
been seeking in order to implement a restructuring plan. The Company has now
begun discussions with its bankers as to the options which may still be
available to the Group.
The Board of Thomas Walker has therefore requested suspension of trading in its
ordinary shares on the AIM market of the London Stock Exchange, pending
completion of these further discussions with its bankers and clarification of
the Group's financial position.
A further announcement will be made as soon as the Company is in a position to
do so.
Enquiries:
Bill Good
Group Managing Director
Tel: 0121 486 4100
Colin Smith
Arden Partners plc
Tel: 0121 423 8940
Katie Dale
Golley Slater
Tel: 0121 384 9743
This information is provided by RNS
The company news service from the London Stock Exchange
END
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