SNCL Sinclair Will.

TIDMSNCL

RNS Number : 7838U

Sinclair (William) Holdings PLC

31 July 2015

WILLIAM SINCLAIR HOLDINGS PLC

(the "Company")

Update on Suspension of Trading on AIM

Following yesterday's announcement regarding the suspension of the trading in the Company's shares, the Board is now providing a further update.

On 26th May the Company announced that it would face a funding shortfall during the summer and on 30th June the Company announced that "significant progress towards a funding solution is needed in the next few weeks and there can be no certainty as to the outcome of any of these discussions".

The Board has exhausted a thorough process including an attempted share placing, transactions with trade and financial parties and disposals of individual assets but has been unsuccessful in obtaining the required additional funding.

Therefore the Board has no alternative but to place the Company into Administration and accordingly has appointed Will Wright and Mark Orton of KPMG Restructuring as Joint Administrators.

We understand that the Joint Administrators have sold the business and assets of Sinclair Horticulture today to Westland Horticulture.

ENDS

For further information:

   William Sinclair Holdings PLC                                                  Tel:  07802 625731 

Rupert King, Chairman

WH Ireland Limited

Paul Shackleton Tel: 020 7220 1666

Liam Gribben

This information is provided by RNS

The company news service from the London Stock Exchange

END

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