PTD.L Share News (PTD)

IN BRIEF: Pittards confirms appointment of joint administrators

Pittards PLC - Yeovil, Somerset-based leather goods producer - Further to announcement last month, confirms it has appointed Lucy Winterborne and Daniel Hurd, administrators from Ernst & Young LLP, as joint administrators to the company. Says the joint administrators are at an advanced stage of negotiations to sell its business and assets, including its Ethiopian subsidiaries. Says the transaction is expected to formally close no later than Wednesday. Says that if the transaction cannot be concluded, the joint administrators will assess available options to realise value for the Pittards' creditors. Says the joint administrators will be contacting shareholders "in due course" with further information on the administration process and the sale of Pittards' business and assets.

IN BRIEF: Pittards files second notice to appoint administrators

Pittards PLC - Yeovil, Somerset-based leather goods producer - Says that on August 21, it filed a second notice of intention to appoint administrators to provide protection against creditors for a further 10 business days whilst a buyer for the business and assets is sought.

IN BRIEF: Pittards clarifies it has not yet appointed administrators

Pittards PLC - Yeovil, Somerset-based leather goods producer - Says it has not appointed administrators yet and that it continues to trade. On Sunday, the BBC reported that Pittards had appointed administrators.

IN BRIEF: Pittards to appoint Ernst & Young as administrators

Pittards PLC - Yeovil, Somerset-based leather goods producer - Following discussions with its advisors, resolves to file notice of intention appointing Ernst & Young LLP as administrators "as soon as reasonably practicable". Says the board is taking this action "to protect the interests of its creditors". Says the decision to appoint administrators was despite initiating a sale process of the company's business and assets due to financial uncertainty and increased creditor pressure.

TRADING UPDATES: Chapel Down sales pop; Serabi output rises

(Alliance News) - The following is a round-up of updates by London-listed companies, issued on Thursday and not separately reported by Alliance News:

IN BRIEF: Pittards announces fundraise of up to GBP1.9 million

Pittards PLC - Yeovil, Somerset-based leather and leather goods producer - Says it will raise up to GBP1.9 million through management subscriptions and an open offer. Says the open offer is being made to give shareholders the opportunity to subscribe for three new ordinary shares to raise up to GBP1.7 million at 4 pence per share.

UK earnings, trading statements calendar - next 7 days

TRADING UPDATES: Pittards to raise GBP1.5 million as aims to refinance

(Alliance News) - The following is a round-up of updates by London-listed companies, issued Thursday and not separately reported by Alliance News:

UK shareholder meetings calendar - next 7 days

Pittards plummets on GBP225,000 discounted placing and poor finances

(Alliance News) - Pittards PLC shares dived on Friday, after it said it plans to raise GBP255,000 though a placing of 1.0 million shares at a price of 25 pence per share.

TRADING UPDATES: Pittards profit warning; R&Q premiums rise

(Alliance News) - The following is a round-up of updates by London-listed companies, issued on Thursday and not separately reported by Alliance News:

Pittards FY profit to miss expectations

(Sharecast News) - Pittards slumped on Friday after it said full-year profit was set to miss market expectations after it took a hit from a weakening of the pound and weaker sales in the last quarter of the year.

Pittards promotes Finance Director Alan Burgess to CFO

(Alliance News) - Pittards PLC on Tuesday promoted Finance Director Alan Burgess to chief financial officer.

Pittards posts higher revenue and profit in "positive" half year

(Alliance News) - Pittards PLC on Monday posted higher half-year revenue and profit, but warned of the continuing impact of global supply chain problems and inflation.

IN BRIEF: Pittards signs deal with Yeovil Town Football club

Pittards PLC - Yeovil, Somerset-based leather and leather goods producer - Signs a sponsorship deal with Yeovil Town Football club. Says the deal will see its branding added on the back and sleeves of the team's shirts. "The agreement builds on that philosophy and sets a foundation from which Pittards will continue to forge strong relationships well beyond the workplace and further the company's ongoing commitment to social responsibility," it notes.