Shaft Sinkers Holdings Plc Update on Funding (8914E)
13 Fevereiro 2015 - 10:33AM
UK Regulatory
TIDMSHFT
RNS Number : 8914E
Shaft Sinkers Holdings Plc
13 February 2015
SHAFT SINKERS HOLDINGS PLC ('Shaft Sinkers' or the
'Company')
Update on Funding
The Board of Shaft Sinkers Holdings plc announces that following
the Company's funding update on 12 January 2015, talks have been
ongoing with potential providers of working capital to finance the
Company.
The Board now believes that the funding options available are
unlikely to result in the continuation of Shaft Sinkers Holdings
plc, the listed legal entity, as a going concern. The Company is in
urgent talks with finance providers with the emphasis being on
providing the funds to the operating subsidiaries of the Group in
order to protect its current operating contracts for the benefit of
the Company's employees, clients and creditors. There can be no
guarantee that any such funding, if agreed, will confer any benefit
on Shaftsinkers' shareholders. As such, the Directors believe that
there may be little or no value in the equity of the Company and is
seeking advice as to the appropriate next steps. A further
announcement will be made in due course.
For further information:
Marius Heyns: +27(0)11 445 4300
This information is provided by RNS
The company news service from the London Stock Exchange
END
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