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Pin to quick picksPatisserie Holdings Plc Regulatory News (CAKE)

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10.388    -0.083 (-0.79%)
Bid:
10.346
Ask:
10.43
Spread: 0.084 (0.812%)
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
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THIS ANNOUNCEMENT CONTAINS INSIDE INFORMATION

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For immediate release

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11 October 2018

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Patisserie Holdings plc

Further trading update

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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.

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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.

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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.

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Enquiries:

Patisserie Holdings PLC

+44 (0)121 777 7000

Luke Johnson, Executive Chairman

Paul May, Chief Executive Officer

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Nomad and Broker

Canaccord Genuity Limited

+44 (0)20 7523 8000

Chris Connors

Henry Fitzgerald-O'Connor

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Financial Public Relations

Maitland

+44 (0) 20 7379 5151

Sam Cartwright

Jonathan Cook

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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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5th Dec 20187:00 amRNSAppointment of Interim Chief Financial Officer
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31st Oct 20185:18 pmRNSStatement re Press Comment
24th Oct 20188:55 amRNSCorporate Update
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