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4 Nov 2013 14:15
4 November 2013
Travelzest PLC
("Travelzest" or the "Company")
Statement re Suspension
The Board of Travelzest today announces that the Company's shares have been suspended from trading on AIM with immediate effect.
This is following the receipt, by the Company, of a demand notice from the Company's primary lender, Elleway Acquisitions Limited ("EAL"), for the immediate repayment of all monies owed to EAL by the Company.
At this time the Company is unable to repay the monies owed to EAL and consequently there is a material uncertainty around the Company's short term working capital position.
The Company will make further announcements as appropriate.
Enquiries:
Travelzest plc | |
Christopher Howell - Non-Executive Chairman | Via Redleaf Polhill |
Redleaf Polhill | +44 (0)20 7566 6720 |
Rebecca Sanders-Hewett / Jenny Bahr | travelzest@redleafpr.com |
Sanlam Securities UK Limited (Nominated Adviser and Broker) | +44 (0)20 7628 2200 |
Simon Clements / Virginia Bull | |
Notes to Editors:
Travelzest plc (LSE:TVZ.L) is a dynamic travel group, with a collection of online travel retailers. Included in the Travelzest agency family are itravel2000 and The Cruise Professionals. Travelzest is traded on London's AIM Exchange under the symbol TVZ.
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