Market Update
20 Marzo 2009 - 6:10AM
UK Regulatory
TIDMQLC
RNS Number : 2157P
Qualceram Shires PLC
20 March 2009
ANNOUNCEMENT
Qualceram Shires plc (the "Company" or the "Group")
Market Update Position
Dublin, London, 20 March 2009:The Group has noted the share price movement on 19
March 2009 and provides the following update on its trading and on its
negotiations with key stakeholders.
Since its announcement on 26 February 2009, the Company continues to be
adversely affected by the unprecedented slowdown in the property market which
continues to impact on the Group's markets and financial performance.
Negotiations with the Group's main landlords and bankers continue, but whilst an
acceptable conclusion may yet be reached, the discussions are proving
challenging. In light of these challenges, and of the trading backdrop, the
Group is examining all appropriate options.
The Group will provide a further update as and when appropriate.
Ends
Issued on behalf of Qualceram Shires plc by Drury.
Contact Paddy Hughes at + 00 353 87 616 7811 / phughes@drurycom.com
This information is provided by RNS
The company news service from the London Stock Exchange
END
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