Last checked at 5 Feb 2013 07:00
5 February 2013
Sarantel Group plc
("Sarantel" or the "Company")
Outlook Update
In the Company's audited results for the year ended 30 September 2012, as announced on 14 January 2013, Sarantel advised shareholders that the Company was in discussions with a third party for the sale of its operating subsidiary. The Directors further advised that in the event that the proposed disposal of the operating business did not proceed as expected, the Company would need to raise additional funds from third parties before the end of March 2013.
Due to the acceleration of a follow-on order subsequently received from a major customer, the deadline to raise additional funds from third parties, if required, would extend by a month to the end of April 2013.
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
| |
XCAP Securities PLC (Corporate Broker) | 020 7101 7070 |
Jon Belliss/Halimah Hussain | |
About Sarantel
Sarantel is a leader in the design of high-performance miniature antennas for portable wireless applications. Sarantel's revolutionary 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