Suspension of shares
01 Abril 2011 - 2:06AM
UK Regulatory
TIDMSPMG
SPORT MEDIA GROUP PLC
("Sport Media", "SPMG" or "the Company")
SUSPENSION OF SHARES
Sport Media Group PLC (AIM: SPMG.L) announces that, at the request of the
Company, trading of its shares on AIM has been temporarily suspended from 1
April 2011 7:45am pending clarification of its financial position. The Company
has experienced an insufficient recovery in trading since the adverse weather in
December 2010 (as announced on 25 February 2011) with consequential pressure on
the Company's working capital position. This has led to uncertainty around
ongoing support from its bankers. The Company is working with the bank to
resolve these issues and will update the market as soon as practicable.
The Company further announces that Robert Johnson, Executive Director, has
tendered his resignation from the Board of the Company with immediate effect, to
focus his attention on the operational management of the Digital Division.
He remains a Director of Netcollex Ltd, a wholly owned subsidiary of the
Company, and Telecom2 Ltd, a 51% subsidiary of Netcollex Ltd.
For further information, please contact:
Sport Media Group Plc
Andrew Fickling, Chief Executive Officer
Neil Robertson, Group Finance Director Tel: + 44 (0) 161 236 4466
www.sportmediagroup.co.uk
Daniel Stewart & Company plc
Oliver Rigby/Noelle Greenaway Tel: + 44 (0) 20 7776 6550
www.danielstewart.co.uk
This announcement is distributed by Thomson Reuters on behalf of
Thomson Reuters clients. The owner of this announcement warrants that:
(i) the releases contained herein are protected by copyright and
other applicable laws; and
(ii) they are solely responsible for the content, accuracy and
originality of the information contained therein.
Source: Sport Media Group PLC via Thomson Reuters ONE
[HUG#1502518]
Sport Media (LSE:SPMG)
Gráfica de Acción Histórica
De May 2024 a Jun 2024
Sport Media (LSE:SPMG)
Gráfica de Acción Histórica
De Jun 2023 a Jun 2024
Real-Time news about Sport Media (London Stock Exchange): 0 recent articles
Más de Sport Media Artículos de Noticias