London Town PLC: Stmnt re Share Price Movement | Company Announcements

Thursday 20 August, 2009

London Town PLC

Stmnt re Share Price Movement

RNS Number : 7630X

London Town PLC

20 August 2009

London Town PLC

('London Town' or 'the Company')

Statement re Share Price Movement

In light of the recent share price movement and further to the announcement made on 21 July 2009, the Company announces that it is still considering a number of strategic options with regard to the net liability position shown by its recently published balance sheet. These options include a potential debt for equity swap with its major shareholders expected to be at no more than 5 pence per share. A further announcement will be made in due course.

Enquiries:

Nicholas Wells/Max Hartley

Cenkos Securities plc 0207 397 8900

This information is provided by RNS

The company news service from the London Stock Exchange

END

SPMILFFLTAIIFIA

Investegate takes no responsibility for the accuracy of the information within the site.

The announcements are supplied by the denoted source. Queries about the content of an announcement should be directed to the source. Investegate reserves the right to publish a filtered set of announcements. NAV, EMM/EPT, Rule 8 and FRN Variable Rate Fix announcements are filitered from this site.