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Environ Group (Investments)
- BY: Andrew Hore |
- POSTED: 23/01/2012 |
- COMMENTS: Add yours
Environ Group (Investments) has asked for its shares to be suspended because of its poor financial state and it has postponed the general meeting to vote on the proposed cancellation of its Aim quotation.
The shares were suspended at 0.55p each, which valued the building and fire protection services provider at £760,000.
Environ is holding discussions with its creditors in order to clarify its financial position. Credit terms are being contracted.
The general meeting has been adjourned from 25 January to 8 February. The meeting was also going to approve the sales 51% stakes in BGC Ltd and Fenhams. It was hoped that individual subsidiaries would be able to negotiate their own credit terms.
Download the latest AIM Journal from http://www.hubinvest.com/AIMPDFJanuary2012_28.pdf
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