Oakdene Homes PLC: Notice re Suspension | Company Announcements

Thursday 22 January, 2009

Oakdene Homes PLC

Notice re Suspension

RNS Number : 0997M

Oakdene Homes PLC

22 January 2009

Oakdene Homes plc ('Oakdene' or 'the Company')

Statement regarding suspension

On 30 September 2008, the Company announced at its interim results that it was in breach of its covenants with its lenders and was relying on a temporary facility, but that discussions were ongoing with its lenders around its future banking terms.

Since this date discussions have continued with the Company's lenders. Unfortunately, the Company has not been able to agree terms with its lenders and they have served notice on the Company to repay the outstanding facilities.

Accordingly, the Company has requested a suspension of trading in its shares on AIM pending clarification of its financial position.

A further announcement will be made as appropriate.

Enquiries:

Oakdene Homes plc

Carl Turpin, Chief Executive Tel: 01737 249393

Robert Boot, Finance Director

Panmure Gordon

Dominic Morley Tel: 020 7459 3600

This information is provided by RNS

The company news service from the London Stock Exchange

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