21 May 2010 12:00

X-PHONICS PLC
(AIM: XPH)
Â
Â
Further to the announcement on 29 March 2010 requesting a suspension in trading in the Company's shares, X-Phonics confirms it is in advanced discussions which, if completed successfully, would result in a refinancing and a change in strategic direction. Such an outcome would require shareholders' approval and a further announcement will be made in due course.
Â
The Company is pleased to announce the appointment of Old Park Lane Capital as joint brokers with WH Ireland.
Â
Arrangements are in hand, as part of these ongoing discussions, to publish the Company's preliminary results and audited accounts for the period ended 30 September 2009.
Â
Contacts: |
|
|
|
X-Phonics plc | www.xphonicsgroup.co.uk |
Mike Hosie, Finance Director | +44 (0) 208 987 0800 |
|
|
WH Ireland Limited | www.wh-ireland.co.uk |
John Wakefield / Marc Davies | +44 (0) 117 945 3470 |
|
|
Old Park Lane Capital plc | fc@oldplc.com |
Forbes Cutler | +44 (0) 20 7518 2603 |
Â