16 Oct 2018 14:52
Fishing Republic plc
("Fishing Republic" or "the Company" or "the Group")
Statement re Suspension
As announced in the Company's interim results statement on 27 September 2018, Group sales have been significantly affected by strong competitive pressures. This difficult trading environment has continued and the Board has been informed that certain major shareholders are no longer willing to provide further short-term financial assistance to the Group.
Trading in the Company's securities on AIM was therefore suspended at the Company's request pending clarification of its financial position.
A further announcement will be made in due course.
This announcement contains inside information for the purposes of Article 7 of Regulation (EU) 596/2014.
Enquiries:
Fishing Republic plc James Newman, Executive Chairman | T: 020 3178 6378 (today)
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KTZ Communications Limited | T: 020 3178 6378 | |
Katie Tzouliadis, Emma Pearson | ||
Northland Capital Partners Limited | T: 020 3861 6625 | |
Nominated Adviser and Broker | ||
Matthew Johnson, Jamie Spotswood, David Hignell (Corporate Finance) | ||
Rob Rees (Corporate Broking) |