CTFA.L Regulatory News (CTFA)

Avia Health Informatics Plc

("Avia" or "the Company")

Statement re suspension

Further to the announcement made by the Company on 16 July 2013, the Directors of Avia confirm that the Company is close to finalising the proposed disposal of the Company's operating business for a nominal sum, a Creditors Voluntary Arrangement ("CVA") and a proposed placing of new ordinary shares to investors introduced by Peterhouse Corporate Finance in order to inject new equity capital into the Company (the "Proposals").

The Proposals, which will be subject to shareholder approval, will, if implemented, result in the Company becoming an investing company focussing on acquiring and building businesses making use of emerging technologies and advanced materials and with a new management team.

It is expected that an announcement will be made and a circular containing full details of the Proposals, will be posted to shareholders in the near future.

The Directors consider that Proposals, in the absence of any other viable funding alternatives, represent the most likely way at present for Avia shareholders to retain some value and potential for capital appreciation.

There can be no certainty that the Proposals will be entered into or complete and, in that situation, unless an alternative source of capital can be found, the Directors are likely to have no alternative but to place the Company into creditors' voluntary liquidation, or receivership, or seek the appointment of an administrator.  

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