Temporary Suspension
16 Janeiro 2009 - 10:30AM
UK Regulatory
TIDMEXP
RNS Number : 7835L
Expomedia Group PLC
16 January 2009
EXPOMEDIA GROUP PLC
("Expomedia" or "the Group")
Temporary Suspension of trading in securities
Expomedia Group plc, the AIM quoted media group with interests in exhibitions,
conferences, venue management and related publishing, announces that it has
requested a suspension, with immediate effect, of trading of its securities on
AIM, pending clarification of the Company's financial position and strategic
options.
On 10 November 2008, Expomedia announced that the Group had seen a significant
reduction of revenues. The Directors have subsequently entered into discussions
with the Group's bankers, creditors and shareholders, in order to secure the
financing required to fund's the Group's cashflow commitments. The Directors
have also implemented a programme of cost savings and announced certain asset
disposals.
Although the Group remains in discussions with its bankers, creditors and
shareholders, it has been unable to secure the necessary funding and reach
agreement with certain of the Group's creditors.
A further announcement will be made as appropriate.
For further information please contact:
+----------------------------------------------------+------------------+
| Expomedia Group Plc | 020 8386 0070 |
+----------------------------------------------------+------------------+
| Mark Shashoua /Darra Comyn | |
+----------------------------------------------------+------------------+
| | |
+----------------------------------------------------+------------------+
| Bishopsgate Communications Ltd. | 020 7562 3350 |
+----------------------------------------------------+------------------+
| Maxine Barnes / Gemma O'Hara | |
+----------------------------------------------------+------------------+
| | |
+----------------------------------------------------+------------------+
| Charles Stanley Securities - NOMAD and broker | 020 7149 6000 |
+----------------------------------------------------+------------------+
| Mark Taylor / Ben Johnston | |
+----------------------------------------------------+------------------+
This information is provided by RNS
The company news service from the London Stock Exchange
END
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