Hardy Amies Announcements

Statement re. Suspension

26 September 2008 07:30:01



RNS Number : 3798E Hardy Amies PLC 26 September 2008  
26 September 2008
Statement re-Suspension
Hardy Amies plc ("Hardy Amies" or the "Company")

Hardy Amies announces that it has requested that trading in its shares on AIM be suspended with immediate effect pending clarification of the Company's financial position.
 
The Company has been provided with significant financial support to date in the form of substantial loans from its major shareholder, Arev Brands Limited ("ABL"). The Company recently requested further financial support from ABL to fund ongoing working capital requirements. The Directors of Hardy Amies were confident that the necessary funds would be forthcoming until late yesterday afternoon, when its major shareholder informed the Company that it was unable to provide the requisite finance.
 
The Directors are considering the options for the Company in the light of this news, which may involve placing Hardy Amies into administration.

Enquiries

Hardy Amies
Andrew Manders
Tel: 020 7734 2436

Shore Capital 
Guy Peters
Tel: 0207 408 4090
This information is provided by RNSThe company news service from the London Stock Exchange  END  SRSEAANSAEPPEAE

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