Suspension
16 März 2005 - 8:45AM
UK Regulatory
RNS Number:8015J
Gaskell PLC
16 March 2005
Gaskell PLC ("Gaskell" or the "Group")
16 March 2005
Suspension from the Official List
The Board of Gaskell provided a trading update on 16 February 2005. This
referred to the Board continuing to explore strategic alternatives for the
Group, including a possible refinancing as well as other initiatives such as the
sale of all or certain parts of the Group's businesses, the negotiation of
extended credit arrangements and a possible injection of new equity. The Board
indicated, at that time, that the securing of such a re-financing was by no
means certain and, indeed, this has not been achieved. The Board is now
focusing entirely on the sale as a going concern of Gaskell's businesses and is
in the process of negotiating offers for its various trades and assets.
Following the potential disposals it is unlikely that shareholders will be left
with any value.
Gaskell has requested that the shares be suspended from the Official List of the
London Stock Exchange with immediate effect pending clarification of its
financial position.
Shareholders will continue to be updated as appropriate.
Enquiries - 01254 770 222
Gerry Wheeler - Chief Executive
Richard Hopkin - Finance Director
This information is provided by RNS
The company news service from the London Stock Exchange
END
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