14 Apr 2014 07:00
RNS Number : 7280E
Pentagon Protection PLC
14 April 2014
RNS ANNOUNCEMENT
14 APRIL 2014
Pentagon Protection plc
("Pentagon" or the "Company")
Business Update
Pentagon Protection plc (AIM: PPR) announces that, despite a relatively healthy sales pipeline for each of the Company's three divisions, the timing of existing contract milestones being achieved, together with converting the current pipeline into new contracts has resulted in the deterioration in available working capital in recent months and the Company is currently cash constrained.
Management are in discussions with several parties about the provision of short term financing and other solutions to alleviate the current working capital constraints.
A further announcement will be made in due course.
- Ends -
Enquiries:
Pentagon Protection Plc Steve Chambers, Managing Director
| Tel: 01923 221 910 |
Cantor Fitzgerald Europe (Nominated adviser) David Foreman / Catherine Leftley
| Tel: 0207 894 7000 |
Allenby Capital (Broker) Jeremy Porter | Tel: 0203 328 5656 |
This information is provided by RNS
The company news service from the London Stock Exchange