Update

9 Mar 2005 09:32

Resurge PLC09 March 2005 Resurge plc ("Resurge") Yesterday the Directors of Resurge plc sought and were granted suspension oftrading on AIM of the company's shares. This followed the appointment ofadministrative receivers to Chesterton International Limited, the acquisition ofwhich by Pheonix Acquisiton Limited was financed through a subsidiary company ofResurge plc, Skillglass Limited. Skillglass Limited has outstanding borrowingsamounting to approximately £7 million, secured by a fixed and floating chargeover Resurge plc, which as a result of the above now cannot be repaid.Discussions have commenced with the lenders with regards to restructuring theseborrowings. A further announcement will be made in due course. 9 March 2005 This information is provided by RNS The company news service from the London Stock Exchange