Redhall : Intention to appoint administrators

Intention to appoint administrators

Released : 28/05/2019 10:20

RNS Number : 3233A

Redhall Group PLC

28 May 2019

The information communicated in this announcement is deemed to constitute inside information as stipulated under the Market Abuse Regulations (EU) No. 596/2014. Upon the publication of this announcement, this inside information is now considered to be in the public domain.

Redhall Group plc

("Redhall" or the "Company")

Intention to appoint administrators

Further to the announcement on 24 May 2018, and following discussions with its advisors and lending bank, the Board has resolved to file notice of intention to appoint administrators to the Company. Unless circumstances change, and in accordance with statutory requirements, the Board intends to appoint administrators within 10 business days.

The Directors intend to allow the business to continue to trade and the Company is working alongside advisers in order to preserve as much value as possible for all stakeholders as it explores the opportunity for the sale of all or parts of the business.

The shares of Redhall Group plc remain suspended pending further notice.

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