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Pin to quick picksPatisserie Holdings Plc Regulatory News (CAKE)

Share Price Information for Patisserie Holdings Plc (CAKE)

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10.332    -0.001 (-0.01%)
Bid:
10.298
Ask:
10.376
Spread: 0.078 (0.757%)
Market Cap: -
CAKE Live PriceLast checked at - London Stock Exchange

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Further trading update

11 Oct 2018 13:22

RNS Number : 7787D
Patisserie Holdings PLC
11 October 2018
 

THIS ANNOUNCEMENT CONTAINS INSIDE INFORMATION

 

For immediate release

 

11 October 2018

 

Patisserie Holdings plc

Further trading update

 

Patisserie Holdings plc (AIM: CAKE) ("PH", the "Company" and together with its subsidiary undertakings, the "Group") announces that the Company, in conjunction with its professional advisers, has during the last twenty-four hours, undertaken further investigation into the financial status of the Company. The Board has now reached the conclusion that there is a material shortfall between the reported financial status and the current financial status of the business.

 

Without an immediate injection of capital, the Directors are of the view that that is no scope for the business to continue trading in its current form.

 

As a consequence, the Directors and the Company's professional advisers are assessing all options available to the business to keep it trading and will update the market in due course.

 

Enquiries:

Patisserie Holdings PLC

+44 (0)121 777 7000

Luke Johnson, Executive Chairman

Paul May, Chief Executive Officer

 

Nomad and Broker

Canaccord Genuity Limited

+44 (0)20 7523 8000

Chris Connors

Henry Fitzgerald-O'Connor

 

Financial Public Relations

Maitland

+44 (0) 20 7379 5151

Sam Cartwright

Jonathan Cook

 

 

 

This information is provided by RNS, the news service of the London Stock Exchange. RNS is approved by the Financial Conduct Authority to act as a Primary Information Provider in the United Kingdom. Terms and conditions relating to the use and distribution of this information may apply. For further information, please contact rns@lseg.com or visit www.rns.com.
 
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