Adili Plc ("Adili" or the "Company")
Statement re: Suspension
The Board of Adili (AIM:ADIL) announces that trading in the Ordinary Shares of
the Company has been suspended with immediate effect, pending clarification of
the Company's financial position.
As disclosed in the Trading Update of 10 December 2009 and the Interim Report
of 18 January, the board anticipated a need for further working capital funding
in February / March 2010 and had been exploring various options for financing
this additional requirement without recourse to shareholders. Unfortunately,
the active discussions to secure the future of the business have now terminated
without agreement having been reached. Although the board continues to explore
options, including the possibility of re-opening those discussions, the
uncertainty of the Company's financial position at this stage means that a
temporary suspension is considered to be appropriate.
A further announcement will be made in due course.
Enquiries:
Adili plc Adam Smith, Chief Executive T: 01258 837 437
Officer
Nick Samuel, Chairman
Seymour Pierce Nicola Marrin T: 020 7107 8000
Catherine Leftley
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