Print   

 

Thomas Walker PLC

Suspension Request

As indicated in announcements made by the Company on 12 March 2009 and 30 March 2009, the Board believes that further restructuring of the business is required in response to the continuing low levels of sales and order intake.  

It has now become clear to the Board that the Company is unlikely to be able to raise the additional finance which, as previously announced, the Directors have been seeking in order to implement a restructuring plan. The Company has now begun discussions with its bankers as to the options which may still be available to the Group.

The Board of Thomas Walker has therefore requested suspension of trading in its ordinary shares on the AIM market of the London Stock Exchange, pending completion of these further discussions with its bankers and clarification of the Group's financial position.

A further announcement will be made as soon as the Company is in a position to do so.

Enquiries:

Bill Good

Group Managing Director

Tel: 0121 486 4100

Colin Smith

Arden Partners plc

Tel: 0121 423 8940

Katie Dale

Golley Slater

Tel: 0121 384 9743

ENDSUSEAKLAEEDNEFE