RNS Number : 8304F
Sarantel Group PLC
29 May 2013
 



This announcement replaces the announcement made today at 15.20 with RNS number 8276F.  The sentence "In addition, the Company is commencing the process of appointing administrators to Sarantel Limited, the Company's operating subsidiary" was missing from that announcement and is now set out below.     All other text remains the same.  

 

 

 

For immediate release

29 May 2013

Sarantel Group plc

("Sarantel" or the "Company")

Corporate update

 

Further to the announcement earlier today, the Board of Sarantel ("Board") has concluded that there is insufficient probability of concluding a sale of the operating business and has therefore requested a suspension from trading on AIM in the Company's shares until such time as the Company's financial position can be clarified.

 

In addition the Company is commencing the process of appointing administrators to Sarantel Limited, the Company's operating subsidiary.

 

 

A further announcement will be made as soon as possible.

 

Enquiries:

Sarantel Group PLC

01933 670 560

David Wither, Chief Executive Officer

Nicola Malyon, Chief Financial Officer




Beaumont Cornish (Nominated Adviser)

020 7628 3396

Roland Cornish / Michael Cornish / Emily Staples


XCAP Securities PLC (Corporate Broker)

020 7101 7070

David Lawman / Jon Belliss






About Sarantel 

Sarantel is a leader in the design of high-performance miniature antennas for portable wireless applications. Sarantel's ceramic filtering antennas offer dramatically improved performance over existing antenna designs, resulting in a clearer signal, better range and a 90 per cent reduction in the amount of signal radiation absorbed by the body. Because of their smaller size and higher capabilities, Sarantel's antennas enable manufacturers to create innovative wireless products for the GPS, WiMax, Satellite Radio and Satellite phone markets. www.sarantel.com


This information is provided by RNS

The company news service from the London Stock Exchange

 


This information is provided by RNS
The company news service from the London Stock Exchange
 
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