Safestyle UK PLC - Bradford, England-based retailer and manufacturer of PVCu replacement windows and doors - Becomes AIM Rule 15 cash shell, having ceased to control and/or conduct substantially all business assets and activities upon appointment of administrators to subsidiaries HPAS Ltd, Style Group Holdings Ltd, and Style Group UK Ltd on Monday. Says directors will most likely be required to place company into liquidation in due course. Company is required to make an acquisition or acquisitions via reverse takeover, or seek to become an investment company, within six months from October 30 to lift share suspension. Safestyle is not currently pursuing such transactions. Expects admission to trading of its shares on AIM to therefore be cancelled once liquidators have been appointed.
Current stock price: 0.32 pence
12-month change: down 99%
By Emma Curzon, Alliance News reporter
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