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4 Nov 2013 14:15
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4 November 2013
Travelzest PLC
Β ("Travelzest" or the "Company")
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Statement re Suspension
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The Board of Travelzest today announces that the Company's shares have been suspended from trading on AIM with immediate effect.
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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.
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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.
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The Company will make further announcements as appropriate.
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Enquiries:
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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 | |
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Notes to Editors:
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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. Β Travelzest is traded on London's AIM Exchange under the symbol TVZ.
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