Softcat Regulatory News (SCT)

19 Mar 2008 16:55

Screen Technology Group plc19 March 2008 19 March 2008 Screen Technology Group plc Result of CVA and proposed refinancing Screen Technology Group plc ("Screen Technology" or the "Company") announced on25 February 2008 that Screen Technology Limited ("STL"), the Company's tradingsubsidiary, had lodged at court a proposal for a Company Voluntary Arrangement("CVA"). At the same time trading in the Company's shares on AIM was suspendedpending the outcome of the CVA and clarification of the Company's financialposition. The board is pleased to announce that the CVA has been approved. The board isalso pleased to announce that it is continuing to seek further financing of theCompany and that details of the refinancing proposal will be announced shortly. Trading in the Company's shares on AIM will remain suspended pendingclarification of terms of the proposed refinancing. For further information: Screen Technology Group plc 01223 559 600Tom Jarman, CEO Charles Stanley Securities 020 7149 6000 Nominated AdviserRussell Cook This information is provided by RNS The company news service from the London Stock Exchange