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30 Mar 2011 07:30
For immediate release 30 March 2011
Leed Petroleum PLC
("Leed" or the "Company")
Suspension of Trading
Further to the announcement made on 22 February 2011, the Board announces that it has not been able to reach a satisfactory conclusion in its discussions with UniCredit Bank AG, in conjunction with potential investors and asset acquirers, with a view to restructuring its facilities. As a consequence, the Company's financial position has become uncertain and the Board has therefore requested that trading in the Company's shares be suspended pending further clarification of the Company's financial position.
Accordingly, the Company's ordinary shares have been suspended with effect from 07:30 a.m. on Wednesday 30 March 2011 pending further clarification of the Company's financial position.
A further announcement will be made in due course.
Enquiries:
Leed Petroleum PLC | |
Howard Wilson, President and Chief Executive | +1 337 314 0700 |
James Slatten, Chief Operating Officer | +1 337 314 0700 |
Matrix Corporate Capital LLP (Nominated Adviser & Joint Broker) | |
Stephen Mischler | +44 20 3206 7203 |
Tim Graham | +44 20 3206 7206 |
Brewin Dolphin (Joint Broker) | |
Alexander Dewar | +44 131 529 0276 |
Buchanan Communications Ltd | |
Tim Thompson | +44 20 7466 5126 |
Chris McMahon | +44 20 7466 5156 |
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