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25 Jun 2013 12:00
Avia Health Informatics Plc
("Avia" or "the Company")
Re: Suspension from trading of securities on AIM
In the announcement made by the Company on 24 June 2013, the Company referred to the delay in entering into an agreement to licence the Company's technology to a third party. The Company confirms that it has been informed by the third party that negotiations have been terminated.
The Directors continue to evaluate their options regarding an injection of sufficient capital into the business, whether through equity, debt or a convertible instrument, in order to enable Avia to overcome its current working capital shortfall and allow the Company to continue to trade. However, should the required capital not be found, it is likely that the Company, or its principal creditors, will seek the appointment of an administrator.
Further announcements will be made as and when appropriate.
25 June 2013
Enquiries:
Avia Health Informatics Plc | +44 (0) 1494 618 503 |
Jeremy Dale, Chief Executive Tim Morris, Managing Director
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Allenby Capital (Nominated Adviser and Broker) | +44 (0) 20 3328 5656 |
Nick Naylor Mark Connelly
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