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Patisserie Holdings PLC   -  CAKE   

Further trading update

Released 13:22 11-Oct-2018

RNS Number : 7787D
Patisserie Holdings PLC
11 October 2018
 

THIS ANNOUNCEMENT CONTAINS INSIDE INFORMATION

 

For immediate release

 

11 October 2018

 

Patisserie Holdings plc

Further trading update

 

Patisserie Holdings plc (AIM: CAKE) ("PH", the "Company" and together with its subsidiary undertakings, the "Group") announces that the Company, in conjunction with its professional advisers, has during the last twenty-four hours, undertaken further investigation into the financial status of the Company. The Board has now reached the conclusion that there is a material shortfall between the reported financial status and the current financial status of the business.

 

Without an immediate injection of capital, the Directors are of the view that that is no scope for the business to continue trading in its current form.

 

As a consequence, the Directors and the Company's professional advisers are assessing all options available to the business to keep it trading and will update the market in due course.

 

Enquiries:

Patisserie Holdings PLC

+44 (0)121 777 7000

Luke Johnson, Executive Chairman


Paul May, Chief Executive Officer


 

Nomad and Broker


Canaccord Genuity Limited

+44 (0)20 7523 8000

Chris Connors


Henry Fitzgerald-O'Connor


 

Financial Public Relations


Maitland

+44 (0) 20 7379 5151

Sam Cartwright


Jonathan Cook


 

 

 


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Further trading update - RNS