Nature Group PLC Statement re. Suspension (0984J)
March 27 2018 - 6:30AM
UK Regulatory
TIDMNGR
RNS Number : 0984J
Nature Group PLC
27 March 2018
This announcement contains inside information
Nature Group plc
("Nature Group" or the "Group")
Suspension from Trading
Nature Group plc (AIM:NGR), the provider of port reception
facilities and waste treatment solutions for the oil, marine and
process industries, provides a further update following the
announcements released on 7 and 15 March 2018. On 7 March, the
Group confirmed that its overall financial position remained
uncertain and that in the event it did not sell its Oil and Gas
division before late April it was likely to face serious liquidity
constraints. On 15 March, the Group announced it had subsequently
received indications of interest from a number of parties in
relation to the possible acquisition of certain of the Group's
Maritime operations as well as further indications of interest in
relation to the possible acquisition of the Group's Oil & Gas
operations.
The Board of Nature Group (the "Board") is continuing to
progress discussions with several parties and will continue to do
so. The Group has, however, recently been notified of a one off,
immediate tax liability which, combined with the Group's existing
cash flow constraints, would have a significant impact on the
Group's liquidity.
Accordingly, the Board has requested that trading of its shares
on AIM be suspended from 12.30pm on 27 March 2018 whilst is seeks
to clarify its financial position.
Further updates will be issued in due course.
For further information:
Nature Group PLC
Andreas Drenthen, CEO Tel: + 31 653261484
Berend van Straten, Chairman Tel: + 31 626805605
Cenkos Securities plc
Neil McDonald Tel: +44 (0)131 220 9771 /
+44 (0)207 397 1953
Beth McKiernan Tel: +44 (0)131 220 9778 /
+44 (0)207 397 1950
Pete Lynch Tel: +44 (0)131 220 9772
This information is provided by RNS
The company news service from the London Stock Exchange
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