Re: Temporary Suspension of Trading
27 Agosto 2008 - 3:30AM
UK Regulatory
RNS Number : 0678C
MICAP PLC
27 August 2008
For release at 7.30am on 27th August 2008
MICAP PLC
("Micap" or "the Company")
Re: Temporary Suspension of Trading
The board of Micap, the AIM quoted natural food ingredients business, announces that it has requested a temporary suspension of trading
in its shares on AIM pending clarification of its current financial position.
Further to the business update issued on 31 July 2008, as a result of much higher than expected professional advisory fees in relation
to the abortive acquisition Micap's working capital position has been adversely affected leaving the company with funds sufficient for only
the next one to three months.
The Company's working capital position over this period will depend on how negotiations proceed with these professional advisers over
the next three weeks. The Board expects to make a further announcement in due course.
Enquiries:
Micap plc +44 (0)1942 625590
Michael Norris, CEO
HB Corporate +44 (0)20 7510 8600
Imran Ahmad
Edward Hutton
Rory Creedon
Adventis Financial PR +44 (0)20 7034 4758/4759
Tarquin Edwards
Chris Steele
This information is provided by RNS
The company news service from the London Stock Exchange
END
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