XPH X-Phonics

 

TIDMXPH 
 
RNS Number : 3262M 
X-Phonics plc 
21 May 2010 
 

                                  X-PHONICS PLC 
                                   (AIM: XPH) 
 
 
Further to the announcement on 29 March 2010 requesting a suspension in trading 
in the Company's shares, X-Phonics confirms it is in advanced discussions which, 
if completed successfully, would result in a refinancing and a change in 
strategic direction. Such an outcome would require shareholders' approval and a 
further announcement will be made in due course. 
 
The Company is pleased to announce the appointment of Old Park Lane Capital as 
joint brokers with WH Ireland. 
 
Arrangements are in hand, as part of these ongoing discussions, to publish the 
Company's preliminary results and audited accounts for the period ended 30 
September 2009. 
 
+--------------------------------+---------------------------------+ 
| Contacts:                      |                                 | 
+--------------------------------+---------------------------------+ 
|                                |                                 | 
+--------------------------------+---------------------------------+ 
| X-Phonics plc                  |         www.xphonicsgroup.co.uk | 
+--------------------------------+---------------------------------+ 
| Mike Hosie, Finance Director   |            +44 (0) 208 987 0800 | 
+--------------------------------+---------------------------------+ 
|                                |                                 | 
+--------------------------------+---------------------------------+ 
| WH Ireland Limited             |            www.wh-ireland.co.uk | 
+--------------------------------+---------------------------------+ 
| John Wakefield / Marc Davies   |            +44 (0) 117 945 3470 | 
+--------------------------------+---------------------------------+ 
|                                |                                 | 
+--------------------------------+---------------------------------+ 
| Old Park Lane Capital plc      |                   fc@oldplc.com | 
+--------------------------------+---------------------------------+ 
| Forbes Cutler                  |            +44 (0) 20 7518 2603 | 
+--------------------------------+---------------------------------+ 
 
 
This information is provided by RNS 
            The company news service from the London Stock Exchange 
   END 
 
 MSCEAPSFAFXEEEF 
 

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