For best results when printing this announcement, please click on link below:
http://newsfile.refinitiv.com/getnewsfile/v1/story?guid=urn:newsml:reuters.com:20231027:nRSa4757Ra&default-theme=true
RNS Number : 4757R Safestyle UK PLC 27 October 2023
27 October 2023
The information contained within this announcement is deemed by the Company to
constitute inside information stipulated under the Market Abuse Regulation
(EU) No. 596/2014 as it forms part of UK domestic law by virtue of the
European Union (Withdrawal) Act 2018. Upon the publication of this
announcement via the Regulatory Information Service, this inside information
is now considered to be in the public domain.
Safestyle UK plc
("Safestyle" or the "Company" and together with its subsidiaries, the "Group")
Further Update on Process
and
Suspension of Trading on AIM
Safestyle UK plc (AIM: SFE.) provides the following update to its announcement
of 26 October 2023 in relation to the process it has been undertaking to try
and secure a Proposed Sale, as that term is defined in that announcement.
As negotiations progress with interested parties, it has become increasingly
unlikely, in the reasonable belief of the Directors of Safestyle, that any
Proposed Sale, even if it was completed, will result in any return to
shareholders.
Due to the ongoing financial uncertainty regarding the Group, its limited
working capital and the circumstances noted above, the Company has requested
that its shares are suspended from trading on AIM with effect from 7.30am on
27 October 2023.
Further announcements will be made as and when appropriate.
For further information:
Safestyle UK plc via FTI Consulting
Rob Neale, Chief Executive Officer
Phil Joyner, Chief Financial Officer
Zeus (Nominated Adviser & Joint Broker) Tel: 0203 829 5000
Dan Bate / James Edis (Investment Banking)
Dominic King (Corporate Broking)
Liberum Capital Limited (Joint Broker) Tel: 0203 100 2100
Jamie Richards / William King
FTI Consulting (Financial PR) Tel: 0203 727 1000
Alex Beagley / Sam Macpherson / Amy Goldup
This information is provided by RNS, the news service of the London Stock Exchange. RNS is approved by the Financial Conduct Authority to act as a Primary Information Provider in the United Kingdom. Terms and conditions relating to the use and distribution of this information may apply. For further information, please contact
rns@lseg.com (mailto:rns@lseg.com)
or visit
www.rns.com (http://www.rns.com/)
.
RNS may use your IP address to confirm compliance with the terms and conditions, to analyse how you engage with the information contained in this communication, and to share such analysis on an anonymised basis with others as part of our commercial services. For further information about how RNS and the London Stock Exchange use the personal data you provide us, please see our
Privacy Policy (https://www.lseg.com/privacy-and-cookie-policy)
. END SUSXQLLLXBLXFBK