Vision Media Group International | News
04 September 2007 Suspension Of Shares
Further to the announcement on 14 August 2007, in which the Company made the following statement:
"the Group is seeking further funding by way of debt or equity of a minimum sum of £2.5 million plus costs. The Group has already secured indications of support in principle from certain existing institutional shareholders for £1.25 million"
The Company continues to seek this additional funding in order to satisfy its urgent short term working capital requirements. It still has the support of its institutional shareholders subject to the Company being able to fulfil its funding requirements. The Company is actively seeking to resolve this urgent funding requirement and has requested suspension of its shares pending such resolution.
For further information:
| ScreenFX plc | |
| Mike Cottman, Executive Chairman | Tel: +44 (0) 161 428 5544 |
| mikec@screenfx.com | |
| Seymour Pierce Limited | |
| Stuart Lane / John Depasquale, Corporate Finance | Tel: +44 (0) 20 7107 8000 |
| stuartlane@seymourpierce.com | www.seymourpierce.com |