22nd Jun 2006 16:15
Millfield Group PLC22 June 2006 Millfield Group plc (the "Company") Suspension of trading on AIM Since the Company's announcement on 19 June 2006 it has become apparent thatthere is insufficient support for a placing of its shares and, accordingly, theBoard has today requested that the London Stock Exchange suspend trading of theCompany's ordinary shares on AIM, whilst the Board seeks to clarify theCompany's financial position. It is highly likely that the Company and at leastsome of its subsidiaries will be placed into administration in the near future.The Board and its advisers are actively pursuing a resolution of the positionwhich will avoid disruption to the Group's businesses although it is notanticipated that this will result in any value for the Company's shareholders. A further announcement will be made as soon as practicable. Contacts:Millfield Group PlcAlan Easter 020 8604 2600 Financial DynamicsLouise Dolan / Andrew Waterworth 020 7831 3113 This information is provided by RNS The company news service from the London Stock ExchangeRelated Shares:
MIL.L