Last checked at 29 May 2013 15:36
This announcement replaces the announcement made today at 15.20 with RNS number 8276F. The sentence "In addition, the Company is commencing the process of appointing administrators to Sarantel Limited, the Company's operating subsidiary" was missing from that announcement and is now set out below. All other text remains the same.
For immediate release
29 May 2013
Sarantel Group plc
("Sarantel" or the "Company")
Corporate update
Further to the announcement earlier today, the Board of Sarantel ("Board") has concluded that there is insufficient probability of concluding a sale of the operating business and has therefore requested a suspension from trading on AIM in the Company's shares until such time as the Company's financial position can be clarified.
In addition the Company is commencing the process of appointing administrators to Sarantel Limited, the Company's operating subsidiary.
A further announcement will be made as soon as possible.
Enquiries:
Sarantel Group PLC | 01933 670 560 |
David Wither, Chief Executive Officer Nicola Malyon, Chief Financial Officer | |
Beaumont Cornish (Nominated Adviser) | 020 7628 3396 |
Roland Cornish / Michael Cornish / Emily Staples | |
XCAP Securities PLC (Corporate Broker) | 020 7101 7070 |
David Lawman / Jon Belliss | |
About Sarantel
Sarantel is a leader in the design of high-performance miniature antennas for portable wireless applications. Sarantel's ceramic filtering antennas offer dramatically improved performance over existing antenna designs, resulting in a clearer signal, better range and a 90 per cent reduction in the amount of signal radiation absorbed by the body. Because of their smaller size and higher capabilities, Sarantel's antennas enable manufacturers to create innovative wireless products for the GPS, WiMax, Satellite Radio and Satellite phone markets. www.sarantel.com
This information is provided by RNS
The company news service from the London Stock Exchange