Dawson International PLC Statement re. Suspension (5273J)
August 08 2012 - 1:30AM
UK Regulatory
TIDMDWSN
RNS Number : 5273J
Dawson International PLC
08 August 2012
AIM: DWSN
DAWSON INTERNATIONAL PLC
("Dawson International" or "the Parent Company")
Suspension of Shares
Further to the announcement of 20 July 2012 the Board of Dawson
International reports that, following conversations between the
directors and the trustees of the UK defined benefit pension plans
("the Plans"), the actuary of the Plans has served Notices of a
Determination of Contribution ("Notices") jointly on the Parent
Company and its UK trading subsidiary, Dawson International Trading
Limited ("DITL").
The directors of each company will consider these Notices with
their advisors to determine whether these Notices are valid and
whether it is necessary to appoint administrators for either or
both companies. Pending this decision and therefore pending
clarification of the Parent Company's financial position, the
directors have requested that the shares in Dawson International be
suspended with effect from 7.30am on 8 August 2012.
The directors of the Parent Company would emphasise that there
is no intention to appoint administrators for the US knitwear
business, Dawson Forte, which is well funded and continues to trade
normally.
For further information please contact:
Dawson International PLC:
David Bolton, Chairman Tel: 020 3178 6378
Dave Cooper, Group Finance Director Tel: 07836 299 548
WH Ireland Limited:
Katy Mitchell/Dan Bate Tel: 0161 832 2174
Biddicks Financial Public Relations:
Zoe Biddick / Sophie McNulty Tel: 020 3178 6378
This information is provided by RNS
The company news service from the London Stock Exchange
END
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