PBR Prem. Bar & Res

    RNS Number : 8570K
  Premium Bars & Restaurants PLC
  30 December 2008
   
    PREMIUM BARS & RESTAURANTS PLC
    ('PBR' or the 'Company')
    
 
    The Company announced on 17 December 2008 that it continued to be in discussions with its banks to renew its banking facilities.  The
position of the Company remains unchanged from this announcement, although it can confirm that its banks and key stakeholders continue to
remain very supportive of the business, and are close to finalising the terms of its short term funding requirements.
    Until revised banking covenants are agreed, however, the Directors are not in a position to issue audited accounts for the twelve months
to 30th June 2008. Under the AIM Rules there is a requirement to issue accounts to shareholders within 6 months of its year end.  The
resultant delay in financing means that the Company will be unable to issue audited accounts within the 6 month period. As a result, PBR has
requested that trading in its shares is suspended until such time as accounts are available to shareholders.
    The Board remains confident that this will be achieved and the shares will resume trading in the New Year.
    For further information please contact:

    FD
    Ben Foster                                                                                                                     020 7831
3113

    KBC Peel Hunt (Nominated Adviser and Broker)
    Capel Irwin/Matt Goode                                                                                                 020 7418 8900




This information is provided by RNS
The company news service from the London Stock Exchange
 
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