Business
Suspension of Share Trading and Financing Update
Suspension of Share Trading and Financing Update.
About this update from Itaconix Plc
[{"type":"text","content":"\n \nRNS Number : 9825S Itaconix PLC 29 June 2018 \n\nItaconix plc (\"Itaconix\", the \"Company\" or the \"Group\")\nSuspension of Share Trading and Financing Update\nItaconix announces that trading in the Company's ordinary shares on AIM will be suspended with immediate effect pending clarification of its financial position. \nThe Group has a requirement for further funding, as previously announced. Whilst the Company has been, and continues to explore all funding and other options, there is no guarantee that a fund raise will be successfully concluded. In the event that the Company is unable to raise such funding, the Company will enter into some form of insolvency procedure. \nAs a result of the requirement for further funding, the Company will not be in a position to publish its annual audited accounts for the year ended 31 December 2017 by 30 June 2018, as required by AIM Rule 19. \nFurther announcements will be made as appropriate.\nThis announcement contains inside information for the purposes of Article 7 of EU Regulation 596/2014.\n \nEnds\nFor further information please contact:\n\n\n\nItaconix\n\n\n+44 (0) 1244 283 500\n\n\n\n\nKevin Matthews / Rob Cridland\n\n\n\n\n\n\n\nN+1 Singer \n\n\n+44 (0) 207 496 3000\n\n\n\n\nRichard Lindley / Jen Boorer (Corporate Finance)\n\n\n\n\n\n\n \n\nThis 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 [email protected] or visit www.rns.com. END STRUWSRRWWANUUR\n ","length":3505,"tagName":"div"}]