Information  X 
Enter a valid email address

Probus Estates PLC (PBE)

  Print      Mail a friend

Monday 21 February, 2005

Probus Estates PLC

Stmnt re Share Price Movement

Probus Estates PLC
21 February 2005


The Directors of Probus Estates PLC (the 'Company' or the 'Group') have noted
the recent high level of volatility in the Company's share price.

As previously announced, most recently in the interim results published on 20
December 2004, the Group's financial position remains extremely difficult.  The
Group is in default on its debt to its major creditor, Uni-Invest Holding B.V.,
which 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.

A further announcement will be made when 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