REG - Haydale Graphene Ind - Haydale US sales process update

Haydale Graphene IndustriesAnnouncement

07/03/2025 10:30

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RNS Number : 8263Z  Haydale Graphene Industries PLC  07 March 2025

Haydale Graphene Industries plc

('Haydale' or the 'Group')

Haydale US sales process update

 

Ammanford, 7 March 2025 - Haydale (AIM: HAYD), the advanced materials group,
announces that, further to the Group's announcement of 10 February 2025
regarding filings in court in the state of Georgia (the "Court") to place its
wholly owned subsidiary, Haydale Ceramic Technologies LLC, ("HCT") into a
corporate insolvency process under Chapter 11 subchapter V of the United
States ("US") Bankruptcy Code, on 6 March 2025 the Court approved a motion
setting out, amongst other things, the process and timetable for a public
auction of the business and assets of HCT.  Initial bids and deposits are
invited in accordance with the process up to 5.00 pm local time in Atlanta,
Georgia on 7 April 2025.  The auction is then expected to be held on 15
April 2025 with a final sales hearing (providing Court approval of the
prevailing bid) expected on 16 April 2025. Enquiries from parties interested
in participating should be addressed to wgeer@rlkglaw.com
(mailto:wgeer@rlkglaw.com) or patrick.carter@haydale.com
(mailto:patrick.carter@haydale.com) .

 

Further announcements will be made at the appropriate time.

For further information:

Haydale Graphene Industries plc

Simon Turek, Chief Executive
Officer
Tel: +44 (0) 1269 842946

Gareth Kaminski-Cook, Non-Executive Chair

Patrick Carter, Chief Financial Officer

www.haydale.com (http://www.haydale.com)

Cavendish Capital Markets Limited (Nominated Adviser & Broker)

Julian Blunt / Edward Whiley / Trisyia Jamaludin, Corporate
Finance        Tel: +44 (0) 20 7220 0500

Andrew Burdis, ECM

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