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28 Mar 2011 07:00
FOR IMMEDIATE RELEASE 28 March 2011
Ram Investment Group plc
("RAM" or the "Company")
Pre-close trading update
Further to the announcement of 16 February 2011, the Board of RAM would like to provide a trading update.
The Company is pleased to announce that current trading is in line with expectations. The TrainFX contract with Wabtec is nearing completion, the First Great Western contract although delayed is now progressing well and the LNWR contract has commenced deliveries. RAM Vision has had a promising start to the year and advertising bookings are significantly higher than the same period last year.
The Company has been exploring funding alternatives in order to strengthen its balance sheet in the light of the delays to the First Great Western contract and to maintain the site development programme within its Ram Vision operations.
The Directors have noted the recent decline in the Company's share price, and are not aware of any reason for this fall.
For further information:
RAM Investment Group plc | www.raminvestmentgroup.co.uk |
Tim Baldwin, Executive Chairman | Tel: 0207 518 4300 |
Sandy Jamieson Libertas Capital Corporate Finance Limited | Tel: 0207 569 9650 |
Jon Levinson Rivington Street Corporate Finance Limited | Tel: 0207 562 3389 |
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