11 Oct 2018 13:22
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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