SID Silverdell

TIDMSID

RNS Number : 3973J

Silverdell PLC

16 July 2013

Silverdell PLC

("Silverdell" or "the Group")

Further re Suspension of Dealings

The Group announced on 2 July 2013 that it had requested a suspension of trading in Silverdell's shares pending clarification of the Group's financial position. This followed the appointment of administrators to Kitsons Environmental Europe Limited ("Kitsons"), one of the Group's principal trading subsidiaries.

The Board is pleased to confirm that discussions with the Group's bankers, HSBC, have reached a satisfactory outcome. HSBC has confirmed that it remains supportive of the business and will be providing additional short term facilities to the Group.

The Board also confirms that Kitsons is the only Group company which is in administration, and that all other Group companies continue to trade as normal. The Board is extremely grateful to the Group's employees, customers and suppliers for their patience and forbearance.

Further announcements will be issued in due course.

ENQUIRIES:

 
                                          Tel: + 44 20 7389 6827 
   Silverdell Plc 
 Sean Nutley, Group Chief Executive 
 Ian Johnson, Chief Financial Officer 
 
 FinnCap (Nominated Adviser and Broker)   Tel: + 44 20 7220 0500 
 Matt Goode (Corporate Finance) 
  Ben Thompson (Corporate Finance) 
 Victoria Bates (Corporate Broking) 
 
 College Hill                             Tel: + 44 20 7457 2020 
 Helen Tarbet 
 Mark Garraway 
 

This information is provided by RNS

The company news service from the London Stock Exchange

END

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