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Statement re. Suspension

27 Mar 2018 12:30

RNS Number : 0984J
Nature Group PLC
27 March 2018
 

This announcement contains inside information

 

Nature Group plc

 

("Nature Group" or the "Group")

 

Suspension from Trading

 

Nature Group plc (AIM:NGR), the provider of port reception facilities and waste treatment solutions for the oil, marine and process industries, provides a further update following the announcements released on 7 and 15 March 2018. On 7 March, the Group confirmed that its overall financial position remained uncertain and that in the event it did not sell its Oil and Gas division before late April it was likely to face serious liquidity constraints. On 15 March, the Group announced it had subsequently received indications of interest from a number of parties in relation to the possible acquisition of certain of the Group's Maritime operations as well as further indications of interest in relation to the possible acquisition of the Group's Oil & Gas operations.

 

The Board of Nature Group (the "Board") is continuing to progress discussions with several parties and will continue to do so. The Group has, however, recently been notified of a one off, immediate tax liability which, combined with the Group's existing cash flow constraints, would have a significant impact on the Group's liquidity.

 

Accordingly, the Board has requested that trading of its shares on AIM be suspended from 12.30pm on 27 March 2018 whilst is seeks to clarify its financial position.

 

Further updates will be issued in due course.

 

For further information:

 

Nature Group PLC

 

Andreas Drenthen, CEO

Tel: + 31 653261484

Berend van Straten, Chairman

Tel: + 31 626805605

 

 

Cenkos Securities plc

 

Neil McDonald

Tel: +44 (0)131 220 9771 / +44 (0)207 397 1953

Beth McKiernan

Tel: +44 (0)131 220 9778 / +44 (0)207 397 1950

Pete Lynch

Tel: +44 (0)131 220 9772

 

This information is provided by RNS
The company news service from the London Stock Exchange
 
END
 
 
SRSJRMBTMBBTBAP
Date   Source Headline
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15th Jun 20172:37 pmRNSUpdate on Oil & Gas contract
2nd Jun 201710:46 amRNSPosting of Annual Report & Accounts
31st May 20177:00 amRNSFinal Results
18th May 20174:30 pmRNSNotice of Results
21st Apr 20174:18 pmRNSDirector/PDMR Shareholding
13th Apr 20178:00 amRNSTrading Update
24th Mar 20175:49 pmRNSDirector/PDMR Shareholding
6th Feb 20175:23 pmRNSGrant of Options
20th Jan 201712:33 pmRNSHolding(s) in Company
20th Jan 201712:32 pmRNSHolding(s) in Company
18th Jan 20172:38 pmRNSDirector/PDMR Shareholding
17th Jan 20177:00 amRNSSale of Gibraltar Operations
22nd Dec 201612:01 pmRNSSignificant Oil & Gas Contract Win
9th Dec 20161:03 pmRNSBoard Changes
28th Sep 20167:00 amRNSInterim Results
19th Sep 20164:17 pmRNSAcquisition of Interest in NEMS
29th Jun 20164:13 pmRNSResult of AGM
2nd Jun 20167:00 amRNSAnnual Financial Report
27th May 20167:00 amRNSFinal Results
19th May 201611:42 amRNSNotice of Results
4th Apr 20167:00 amRNSDirectorate Change
15th Feb 20168:15 amRNSTrading Statement
20th Jan 20167:00 amRNSNature Environmental & Marine Services LLC Update
2nd Dec 201512:21 pmRNSProposed Sale of Gibraltar Operations
21st Oct 20157:00 amRNSDirectorate Change
22nd Sep 20157:00 amRNSHalf Yearly Report
15th Sep 201510:05 amRNSNotice of Results
13th Aug 201511:49 amRNSAcquisition

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