5th Aug 2011 07:30
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
Related Shares:
CTFA.L