ATH Ath Resources

TIDMATH

RNS Number : 8556S

ATH Resources plc

05 December 2012

 
 05 December 2012 
 

ATH Resources plc

("ATH", the "Company" or the "Group")

Suspension of Shares

The Directors of ATH Resources plc (AIM:ATH), one of the UK's largest coal producers, announce that its lender, BECAP Capital Coal Limited (the "Lender"), has today demanded repayment of the Group's facilities, in full, with immediate effect. The Company cannot satisfy the full repayment of the facility and consequently, the Lender has today appointed administrators to ATH Resources plc under powers contained in the security held by it.

William Wright, Brian Green and Allan Graham of KPMG LLP have been appointed as administrators of the Company.

Accordingly, the Company considers itself to be unable to assess its current and future financial position and so has requested that the trading of its ordinary shares on the AIM Market of London Stock Exchange be suspended from trading.

The Company's principal trading subsidiary Aardvark TMC Limited is not in administration and continues to trade.

The Board will make further announcements as necessary in due course.

For further information:

 
 ATH Resources plc 
 David Port, Non-Executive Chairman     Tel: +44 (0) 7836 693798 
  Alistair Black, Chief Executive      Tel: +44 (0) 1302 760 462 
                                                   www.ath.co.uk 
 
 
 Seymour Pierce Ltd 
 Stewart Dickson / Richard Redmayne   Tel: +44 (0) 207 107 8000 
  (Nominated Adviser & Broker) 
                                          www.seymourpierce.com 
 

Media enquiries:

 
 Hudson Sandler 
 Andrew Leach / Charlie Jack / Katie   Tel: +44 (0) 20 7796 4133 
  Matthews 
                                           www.hudsonsandler.com 
 

This information is provided by RNS

The company news service from the London Stock Exchange

END

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