Screen Technology Group plc
19 March 2008
19 March 2008
Screen Technology Group plc
Result of CVA and proposed refinancing
Screen Technology Group plc ("Screen Technology" or the "Company") announced on
25 February 2008 that Screen Technology Limited ("STL"), the Company's trading
subsidiary, had lodged at court a proposal for a Company Voluntary Arrangement
("CVA"). At the same time trading in the Company's shares on AIM was suspended
pending the outcome of the CVA and clarification of the Company's financial
position.
The board is pleased to announce that the CVA has been approved. The board is
also pleased to announce that it is continuing to seek further financing of the
Company and that details of the refinancing proposal will be announced shortly.
Trading in the Company's shares on AIM will remain suspended pending
clarification of terms of the proposed refinancing.
For further information:
Screen Technology Group plc 01223 559 600
Tom Jarman, CEO
Charles Stanley Securities 020 7149 6000
Nominated Adviser
Russell Cook
This information is provided by RNS
The company news service from the London Stock Exchange