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Closure of Omega Diagnostics GmbH

2 May 2018 07:41

RNS Number : 8614M
Omega Diagnostics Group PLC
02 May 2018
 

 

Omega Diagnostics Group PLC

("Omega" or "the Company" or the "Group")

 

Closure of Omega Diagnostics GmbH

 

Omega (AIM: ODX), the medical diagnostics company focused on allergy, food intolerance and infectious disease, announces the closure of Omega Diagnostics GmbH ("Omega GmbH").

 

Further to the announcement on 10 April 2018, the Board has not been able to conclude any transaction for a sale of Omega GmbH. The Board has therefore decided to initiate insolvency proceedings through the German court system, as soon as practically possible, under the guidance of its legal advisers. The contingent cost associated with this closure is not expected to be more than £0.45m and could be significantly less than this figure.

 

For the year ended 31 March 2018, Omega GmbH had sales of approximately €3.2 million* and incurred an EBITDA loss of approximately €0.4 million*.

 

 

The information communicated in this announcement is inside information for the purposes of Article 7 of EU Regulation 596/2014.

 

* Figures for the year ended 31 March 2018 are unaudited as at the date of this release.

 

Contacts:

 

Omega Diagnostics Group PLC

Tel: 01259 763 030

Colin King, Chief Executive

www.omegadiagnostics.com

Kieron Harbinson, Group Finance Director

 

 

finnCap Ltd

Tel: 020 7220 0500

Geoff Nash/James Thompson (Corporate Finance)

 

Camille Gochez/ Abigail Wayne (Corporate Broking)

 

 

 

Walbrook PR Limited

Tel: 020 7933 8780 or omega@walbrookpr.com

Paul McManus

Mob: 07980 541 893

Lianne Cawthorne

Mob: 07584 391 303

 

This information is provided by RNS
The company news service from the London Stock Exchange
 
END
 
 
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