Statement re suspension


 

TIDMCNT 
 
RNS Number : 2569S 
Connaught PLC 
07 September 2010 
 

                                  Connaught plc 
                          ("Connaught" or the "Group") 
 
                            Statement re: Suspension 
On 29 July 2010, Connaught announced that it had agreed the terms of a short 
term overdraft facility. Since that date Connaught has had continuing 
discussions with its lenders and other sources of finance with the objective of 
securing additional funding and a restructuring of the Group's financing for the 
longer term. 
The Group now believes that the availability of additional funds from its 
lenders will not be forthcoming and, whilst it remains in discussions with other 
parties, the ability to provide an adequate solution to the funding issues the 
Group faces has become increasingly uncertain. Accordingly, pending 
clarification of the Company's financial position, Connaught has requested a 
suspension of the trading of its shares on the London Stock Exchange with 
immediate effect. 
 
A further announcement will be made in due course. 
 
Enquiries: 
 
+------------------------------+------------------------------+ 
| Paul Haines                  |                 01392 340667 | 
+------------------------------+------------------------------+ 
|                              |                              | 
+------------------------------+------------------------------+ 
|                              |                              | 
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This information is provided by RNS 
            The company news service from the London Stock Exchange 
   END 
 
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