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Silverdell PLC
("Silverdell" or "the Group")
Further re Suspension of Dealings
The Group announced on 2 July 2013 that it had requested a suspension of trading in Silverdell's shares pending clarification of the Group's financial position. This followed the appointment of administrators to Kitsons Environmental Europe Limited ("Kitsons"), one of the Group's principal trading subsidiaries.
The Board is pleased to confirm that discussions with the Group's bankers, HSBC, have reached a satisfactory outcome. HSBC has confirmed that it remains supportive of the business and will be providing additional short term facilities to the Group.
The Board also confirms that Kitsons is the only Group company which is in administration, and that all other Group companies continue to trade as normal. The Board is extremely grateful to the Group's employees, customers and suppliers for their patience and forbearance.
Further announcements will be issued in due course.
ENQUIRIES:
Silverdell Plc | Tel: + 44 20 7389 6827 |
Sean Nutley, Group Chief Executive | |
Ian Johnson, Chief Financial Officer | |
FinnCap (Nominated Adviser and Broker) | Tel: + 44 20 7220 0500 |
Matt Goode (Corporate Finance) Ben Thompson (Corporate Finance) | |
Victoria Bates (Corporate Broking) | |
College Hill | Tel: + 44 20 7457 2020 |
Helen Tarbet | |
Mark Garraway |
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