WREN Wt Rene Etf

 

TIDMWREN 
 
RNS Number : 8717T 
Wren Extra Care Group PLC 
05 October 2010 
 
 
5 October 2010 
 
 
 
                      Wren Extra Care Group plc (AIM: WREN) 
                            ("Wren" or the "Company") 
 
                 Suspension announcement and directorate change 
 
On 15 September 2010, Wren announced that it remained in discussions with its 
main lender in order to extend the Company's working capital and other loan 
facilities (together, the "Loan Agreements") which have been extended on a 
regular basis since 1 May 2010. A subsidiary of the Company received notice 
earlier today demanding the immediate repayment of all sums due to its main 
lender. As a result, the subsidiary is in default under the Loan Agreements and 
the Company has requested the suspension of its ordinary shares to trading on 
AIM pending clarification of its financial position. 
 
The Board continues to take identify cost savings to reduce the Company's 
overhead in order to conserve cash. The Board met yesterday and it was decided 
to terminate the service agreement and directorship of Paul Treadaway (formerly 
Chief Executive of Wren). 
 
Enquiries: 
 
+------------------------+-----------------------------------+ 
| Wren Extra Care Group  |                                   | 
| Plc                    |                                   | 
+------------------------+-----------------------------------+ 
| James Butterfield      | Tel: 01372 742 244                | 
| Corporate Development  | www.wrenhomesplc.co.uk            | 
| Director/              |                                   | 
| Mike O'Donnell         |                                   | 
| Financial Director     |                                   | 
+------------------------+-----------------------------------+ 
|                        |                                   | 
+------------------------+-----------------------------------+ 
| Shore Capital          |                                   | 
+------------------------+-----------------------------------+ 
| Pascal Keane           | Tel: 020 7408 4090                | 
+------------------------+-----------------------------------+ 
|                        |                                   | 
+------------------------+-----------------------------------+ 
| Peckwater PR           |                                   | 
+------------------------+-----------------------------------+ 
| Tarquin Edwards        | Tel: 07879 458 364                | 
+------------------------+-----------------------------------+ 
 
 
This information is provided by RNS 
            The company news service from the London Stock Exchange 
   END 
 
 SRSLIFEAIRLEIII 
 

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