Information  X 
Enter a valid email address

Probus Estates PLC (PBE)

  Print      Mail a friend

Thursday 23 June, 2005

Probus Estates PLC

Annual accounts

Probus Estates PLC
23 June 2005

PROBUS ESTATES PLC ('Probus' or the 'Company')

The Directors of Probus Estates PLC announce that the Company will be unable to
issue its annual accounts for the year to 31 December 2004 before 30 June 2005,
the latest date allowable under the AIM Rules.

The financial position is unchanged from 21 February 2005 when the Company
reiterated that it is in default on its debt to its major creditor, Uni-Invest
Holding B.V. ('Uni-Invest'). Uni-Invest has previously asserted that it is
entitled to make demand for the immediate repayment of all sums due.

In the event that Uni-Invest lawfully demands the immediate repayment of the
sums due, the Company would not be in a position to pay such amounts and would
be likely to enter insolvency proceedings.

In light of Probus' failure to publish annual accounts in accordance with the
AIM Rules, the Company understands that AIM will suspend trading in its shares
with immediate effect in order to preserve an orderly market.

A further announcement will be made in due course as appropriate.

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

a d v e r t i s e m e n t