25 Aug 2017 13:38
The information contained within this announcement is deemed by the Company to constitute inside information stipulated under the Market Abuse Regulation (EU) No. 596/2014. Upon the publication of this announcement via the Regulatory Information Service, this inside information is now considered to be in the public domain.
Entu (UK) plc
("Entu", the "Group" or the "Company")
Notice of intention to appoint Administrators
On 24 August 2017, the Company's ordinary shares were suspended from trading pending clarification of its financial position.
Today, 25 August 2017, the Board has concluded that the holding company of the Group, Entu (UK) plc, is no longer able to continue trading as a going concern whilst pursuing a sale of the business and has filed notice of intention to appoint administrators to the Company.
Unless financial circumstances change, and in accordance with statutory requirements, the Board intend to appoint administrators within 10 business days. The secured creditor can, however, appoint administrators without the requirement for notice.
The Company will make further announcements in due course.
ENQUIRIES
entu Ian Blackhurst, Chief Executive Officer Neill Skinner, Chief Financial Officer
| 020 7457 2020 |
Zeus Capital Limited (Nomad & Broker) Andrew Jones / Dan Bate John Goold / Dominic King
| 020 3829 5000
|