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Temporary Suspension

5th Aug 2011 07:30

RNS Number : 8051L
Avia Health Informatics PLC
05 August 2011
 



5 August 2011

 

Avia Health Informatics PLC ("Avia" or the "Company")

Temporary Suspension Announcement

At the request of its Board, the Company announces that, having experienced a revenue shortfall against market expectations, it has identified what it believes to be a short term funding need. The Board is seeking to determine promptly the appropriate level of funding needed to ensure the continuing development of the business. The Company has therefore requested a temporary suspension of trading in its shares pending clarification of its financial position.

While there can be no certainty at this time as to the availability of funding, the Board is actively examining the funding options available to the Company, including further funding from directors and staff. Avia currently has no borrowings.

Further announcements will be made as appropriate.

 

For further information please contact:

Avia Health Informatics Plc Tel. +44 (0) 1494 618 503

Barry Giddings, Chairman

 

Panmure Gordon (UK) Limited Tel. +44 (0) 20 7459 3600

Aubrey Powell, Corporate Finance

 

 

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