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6 Aug 2012 07:00
06 August 2012
Avia Health Informatics PLC
("Avia" or the "Company")
Funding update
In the Company's unaudited preliminary results for the year ended 31st March 2012, announced on 4th July 2012 ("the Preliminary Results") the Company stated that: "Net cash at 31 March was £0.1million and the current cash resources of the business remain constrained and as a result the business remains subject to adverse trading swings. Based on the Company's current cash position and management forecasts the Company is seeking to raise approximately £1.0million in equity and/or debt funding in the short term."
The Company confirms that, whilst it has no debt, it remains cash constrained in the short term and is exploring a number of viable equity or debt funding options. The Company is also actively managing its cashflow and creditor obligations to allow the Company to trade through what the Directors believe to be a short term cashflow shortfall.
Shareholders will be updated of any material developments in this regard as soon as appropriate.
Enquiries:
Avia Health Informatics Plc Barry Giddings, Chairman
| +44 (0) 1494 618 503 www.ahi-plc.com
|
Allenby Capital (Nominated Adviser and Broker) Nick Naylor (Chief Executive) Mark Connelly (Corporate Finance) Graham Bell (Head of Sales)
| +44 (0) 20 3328 5656 www.allenbycapital.com
|
Cadogan PR (Financial PR) Alex Walters
| +44 (0) 7771 713608 www.cadoganpr.com
|
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