Suspension Announcement
October 22 2009 - 9:00AM
UK Regulatory
TIDMAMZ
RNS Number : 2463B
AMZ Holdings plc
22 October 2009
AMZ Holdings plc ("AMZ" or the "Company")
Suspension Announcement
Further to the announcement on 28 September 2009, the Company announces that it
has been unable to raise the capital required to meet its redemption obligations
in respect of its 12.9% Convertible Secured Loan Stock 2011 ("Loan Stock") in an
amount of GBP1.6 million. As a result, the Company is in default under the Loan
Stock Trust Agreement and has requested the suspension of its ordinary shares to
trading on AIM pending clarification of its financial position. In addition, the
Company has requested the suspension of trading in its Loan Stock on the PLUS
quoted market.
The Company expects to explore strategic alternatives including a joint venture
or sale of its assets. Further announcements will be made as and when
appropriate.
22 October 2009
For further information please contact:
+--------------------------------+------------------+-------------------------+
| Jonathon Brill/Caroline | Financial PR | Tel: +44(0) 207 831 |
| Stewart, | | 3113 |
| Financial Dynamics | | |
| | | |
+--------------------------------+------------------+-------------------------+
| Stuart Andrews/ Chris Clarke | Nominated | Tel: +44(0) 20 7071 |
| Evolution Securities Limited | Adviser | 4300 |
+--------------------------------+------------------+-------------------------+
Website: www.amzholdings.com
This information is provided by RNS
The company news service from the London Stock Exchange
END
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