27th Feb 2007 16:11
VTR PLC27 February 2007 VTR Plc ("VTR" or the "Company") Suspension of Trading in Ordinary Shares The Company announces that the annual audited accounts to 31 August 2006 willnot be finalised in time to send to shareholders by 28 February 2007.Accordingly, the Company confirms that it will not be able to comply with Rule19 of the AIM Rules requiring an AIM Company to send its accounts toshareholders not later than six months after the end of the financial year towhich they relate. The Company's ordinary shares will therefore be suspended with immediate effect. The dealing facility will be restored as soon as the audited accounts for theperiod ended 31 August 2006 are published and this is expected to be the caseshortly. Following the investment made by Prime Focus Limited in April 2006 and theacquisition of Clear (Post Production) Limited in July 2006, the Board has beenaggressively restructuring the Company's businesses and this process is nownearly completed. The Directors expect that as a result of this action theCompany will benefit from substantial cost savings in the current financialyear, leading to a significant improvement in the results of the Company. 27 February 2007 Enquiries: VTR plc 020 7437 0026 Neil Lane Managing Director Anshul Doshi Finance Director Charles Stanley Securities 020 7149 6457 Philip Davies This information is provided by RNS The company news service from the London Stock ExchangeRelated Shares:
PFO.L