20th Jan 2015 16:12
LONDON (Alliance News) - Eco City Vehicles PLC said Tuesday that it hopes its shares will return to trading on AIM following the publication of its first half results, which it expects within the next month.
The company, which converted and sold Mercedes Vito vehicles for the London taxi market, fell into administration last October after suffering a sharp sales decline and losing its deal with Mercedes.
However, in December, it exited administration and entered into a company voluntary agreement, with management and control of the company being handed back to directors.
The company confirmed Tuesday that it has received GBP250,000 in subscriptions for convertible loan notes. It will use GBP143,000 of the amount raised to make a payment to the supervisors of the company voluntary arrangement that is due.
By Hana Stewart-Smith; [email protected]; @HanaSSAllNews
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