Suspension of Shares
July 31 2009 - 9:59AM
UK Regulatory
TIDMDYS
RNS Number : 7017W
Dyson Group PLC
31 July 2009
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| For Immediate Release | 31 July 2009 |
+----------------------------------------+---------------------------------------+
Dyson Group Plc
("the Group" or "Dyson")
Suspension of Trading in Shares
The Board of Dyson Group Plc (LSE:DYS), the materials technology
company, announces that following its announcement on 17 July 2009 and at its
own request, trading in the Group's ordinary shares has been suspended with
immediate effect.
Dyson is currently in constructive dialogue with its two banks, Lloyds TSB and
Svenska Handelsbanken, with the intention of determining the appropriate way
forward.
As a consequence Dyson is not in a position to publish its Report and Accounts
for the year ended 31 March 2009 by 31 July 2009 as required by Disclosure and
Transparency Rule (DTR) 4.1.3. Accordingly, Dyson has requested an immediate
suspension of trading in its shares pending publication of its audited Report &
Accounts for the year ended 31 March 2009.
In view of the Group's position with the banks, management has deemed it
necessary to implement further cost saving and cash management initiatives.
A further announcement will be made in due course.
For further enquiries, please contact:
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| Buchanan Communications | Tel: 0207 466 5000 |
+----------------------------------------+------------------------------------+
| Charles Ryland | |
| Ben Willey | |
| Catherine Breen | |
+----------------------------------------+------------------------------------+
| | |
+----------------------------------------+------------------------------------+
| Dyson Group Plc | |
+----------------------------------------+------------------------------------+
| Christopher Honeyborne, Chairman | Tel: 07824 893074 |
| Patrick Lammers, Chief Executive | 0114 263 2835 |
| Officer | 0207 340 8527 |
| Christopher Kinsella, Group Finance | |
| Director | |
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This information is provided by RNS
The company news service from the London Stock Exchange
END
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