3rd Feb 2016 09:48
LONDON (Alliance News) - Vending machines company Snacktime PLC on Wednesday said it has issued shares under a loan note conversion and said it expects to post its long-delayed results for the 2015 financial year by the end of February.
The company said loan note holders have converted a total of GBP57,290 of their holdings into shares in the company at 10.00 pence per share, resulting in the issue of a total of 701,987 shares.
Snacktime said it now expects to report its results for the year to the end of March 2015 by the end of February. The report has been delayed by the restructuring the group has been undergoing, but it said it now is in talks with its auditors to publish the results by the end of February, along with its results for the half-year to the end of September 2015.
Snacktime shares remain suspended, pending publication of its results. The stock was last quoted at 7.80p.
By Sam Unsted; [email protected]; @SamUAtAlliance
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