FISH.L

Fishing Republic Plc
Fishing Republic PLC - Statement re Suspension
16th October 2018, 13:52
TwitterFacebookLinkedIn
To continue viewing RNS, please confirm that you are a Private Investor*

* A Private Investor is a recipient of the information who meets all of the conditions set out below, the recipient:

  1. Obtains access to the information in a personal capacity;
  2. Is not required to be regulated or supervised by a body concerned with the regulation or supervision of investment or financial services;
  3. Is not currently registered or qualified as a professional securities trader or investment adviser with any national or state exchange, regulatory authority, professional association or recognised professional body;
  4. Does not currently act in any capacity as an investment adviser, whether or not they have at some time been qualified to do so;
  5. Uses the information solely in relation to the management of their personal funds and not as a trader to the public or for the investment of corporate funds;
  6. Does not distribute, republish or otherwise provide any information or derived works to any third party in any manner or use or process information or derived works for any commercial purposes.
RNS Number : 2348E
Fishing Republic PLC
16 October 2018
 

 

Fishing Republic plc

 

("Fishing Republic" or "the Company" or "the Group")

 

Statement re Suspension

 

As announced in the Company's interim results statement on 27 September 2018, Group sales have been significantly affected by strong competitive pressures.  This difficult trading environment has continued and the Board has been informed that certain major shareholders are no longer willing to provide further short-term financial assistance to the Group.

 

Trading in the Company's securities on AIM was therefore suspended at the Company's request pending clarification of its financial position.

 

A further announcement will be made in due course.

 

This announcement contains inside information for the purposes of Article 7 of Regulation (EU) 596/2014.

 

Enquiries:

 

Fishing Republic plc

James Newman, Executive Chairman


T: 020 3178 6378 (today)

 




KTZ Communications Limited


T: 020 3178 6378

Katie Tzouliadis, Emma Pearson






Northland Capital Partners Limited


T: 020 3861 6625

Nominated Adviser and Broker



Matthew Johnson, Jamie Spotswood, David Hignell (Corporate Finance)



Rob Rees (Corporate Broking)



 


This information is provided by RNS, the news service of the London Stock Exchange. RNS is approved by the Financial Conduct Authority to act as a Primary Information Provider in the United Kingdom. Terms and conditions relating to the use and distribution of this information may apply. For further information, please contact rns@lseg.com or visit www.rns.com.
 
END
 
 
SRSLLFEVIILRLIT ]]>
TwitterFacebookLinkedIn