Fairpoint Group PLC Statement re Suspension of Trading on AIM (3858J)
June 28 2017 - 1:30AM
UK Regulatory
TIDMFRP
RNS Number : 3858J
Fairpoint Group PLC
28 June 2017
Fairpoint Group plc
("Fairpoint", the "Group" or the "Company")
Suspension of trading on AIM pending publication of annual
accounts
The Company announces that it has been notified by its bank, AIB
Group (UK) plc, that it is unwilling to provide the level of
on-going support requested by the Company.
As a result, the Group is unable to sign-off the audit of its
annual report and accounts for the year ended 31 December 2016.
Consequently, the Company will not be in a position to publish its
annual report and accounts for the year ended 31 December 2016 by
30 June 2017 as required by Rule 19 of the AIM Rules for Companies
('AIM Rules').
Dealings in the Company's ordinary shares shall therefore be
temporarily suspended under AIM Rule 40 from 7.30 a.m. today until
such time as its accounts have been duly published in compliance
with AIM Rule 19.
The Company is currently participating in discussions with
alternative providers of finance who may wish to provide support to
the Company's businesses.
Further announcements will be made in due course.
Notwithstanding the suspension of trading in the ordinary
shares, the Company will continue to make announcements as and when
there are any developments that require announcement under the AIM
Rules.
Fairpoint Group plc
David Broadbent, Chief Executive Officer 020 3128 8794
Shore Capital (Nomad and Joint Broker)
Mark Percy 020 7408 4090
Edward Mansfield
MHP Communications
Reg Hoare fairpoint@mhpc.com
Hannah Winter 020 3128 8793
This information is provided by RNS
The company news service from the London Stock Exchange
END
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