PANC Panceltica

 

TIDMPANC 
 
RNS Number : 4209V 
Panceltica Holdings Limited 
09 July 2009 
 

+--------------------------------------+--------------------------------------+ 
| For immediate release                |                         09 July 2009 | 
+--------------------------------------+--------------------------------------+ 
 
 
Panceltica Holdings Limited (the "Company") 
Trading Update 
On 5 May 2009 the Company announced that it was in discussion with Barwa Real 
Estate Company ("Barwa") in relation to matters concerning the Barwa contract. 
Whilst discussions have continued in the hope of reaching some commercial 
resolution of matters, Barwa have now purported to terminate this contract. The 
independent directors of the Company (being those directors not directly or 
indirectly connected with Barwa) are considering the legal position and a 
further announcement will be made as and when appropriate 
 
 
 
 
+----------------------------------------------------+-------------------------+ 
| David Ball, CEO Patrick Mitchell, Company          | Tel: +974 431 1751      | 
| Secretary                                          |                         | 
|                                                    |                         | 
+----------------------------------------------------+-------------------------+ 
| Blomfield Corporate Finance Limited, Nominated     | Tel: +44 (0)207 489     | 
| Adviser                                            | 4500                    | 
| Toby Howell / Peter Trevelyan-Clark                |                         | 
|                                                    |                         | 
+----------------------------------------------------+-------------------------+ 
| Religare Hichens, Harrison & Co. plc, Broker       | Tel: +44 (0)20 7382     | 
| Daniel Briggs / Nicholas Malins-Smith              | 4450                    | 
|                                                    |                         | 
+----------------------------------------------------+-------------------------+ 
| Buchanan Communications                            | Tel: +44 (0) 20 7466    | 
| Mark Edwards / Jeremy Garcia                       | 5000                    | 
|                                                    |                         | 
+----------------------------------------------------+-------------------------+ 
| Computershare, Registrars                          | Tel: +44 1534 825230    | 
|                                                    |                         | 
+----------------------------------------------------+-------------------------+ 
 
 
 
This information is provided by RNS 
            The company news service from the London Stock Exchange 
   END 
 
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