Statement re. Suspension
29 September 2003 - 9:35AM
UK Regulatory
RNS Number:2638Q
FII Group PLC
29 September 2003
29 September 2003
FII Goup PLC ("the Company")
Suspension of Trading
As referred to in the preliminary announcement of results issued on 26
September 2003, the Company is in negotiations with the Pension Fund Trustees
in order to reach a compromise of the debt which would fall on the Group (under
section 75 of the Pension Act, 1995) in the event of insolvency and which would
otherwise arise were the Company to pay the required level of future pension
contributions.
The Board remains hopeful that these negotiations will be concluded successfully
and that the necessary fund raising will be achieved. However, given the
current uncertainty as to the outcome, the Board has requested an immediate
suspension in trading in the Company's shares.
For further information:
Douglas Ware, Chairman, FII Group PLC, 01604 593 600
Roland Cornish, Beaumont Cornish Limited, 020 7628 3396
Beaumont Cornish Limited is a Sponsor registered with the UK Listing Authority,
a Nominated Adviser approved by the London Stock Exchange
and a Member of OFEX.
This information is provided by RNS
The company news service from the London Stock Exchange
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