28 May 2019 10:20
The information communicated in this announcement is deemed to constitute inside information as stipulated under the Market Abuse Regulations (EU) No. 596/2014. Upon the publication of this announcement, this inside information is now considered to be in the public domain.
For immediate release 28 May 2019
Redhall Group plc
("Redhall" or the "Company")
Intention to appoint administrators
Further to the announcement on 24 May 2018, and following discussions with its advisors and lending bank, the Board has resolved to file notice of intention to appoint administrators to the Company. Unless circumstances change, and in accordance with statutory requirements, the Board intends to appoint administrators within 10 business days.
The Directors intend to allow the business to continue to trade and the Company is working alongside advisers in order to preserve as much value as possible for all stakeholders as it explores the opportunity for the sale of all or parts of the business.
The shares of Redhall Group plc remain suspended pending further notice.
Further announcements will be made as appropriate.
Contact details:
Redhall Group plc | Tel: +44 (0) 1924 385 386 |
Joe Oatley, Chairman |
|
Buchanan, PR Adviser | Tel: +44 (0) 20 7466 5000 |
Mark Court, Sophie Wills, Hannah Ratcliff |
|
|
|
GCA Altium, Nominated Adviser | Tel: +44 (0) 20 7484 4040 |
Tim Richardson |
|
|
|
WH Ireland, Broker | Tel: +44 (0) 20 7220 1666 |
Adrian Hadden, Jessica Cave |
|
RHL.L (RHL)