EXP Expomedia Grp

 

TIDMEXP 
 
RNS Number : 7835L 
Expomedia Group PLC 
16 January 2009 
 

 
 
EXPOMEDIA GROUP PLC 
 
 
("Expomedia" or "the Group") 
 
 
Temporary Suspension of trading in securities 
 
Expomedia Group plc, the AIM quoted media group with interests in exhibitions, 
conferences, venue management and related publishing, announces that it has 
requested a suspension, with immediate effect, of trading of its securities on 
AIM, pending clarification of the Company's financial position and strategic 
options. 
 
 
On 10 November 2008, Expomedia announced that the Group had seen a significant 
reduction of revenues. The Directors have subsequently entered into discussions 
with the Group's bankers, creditors and shareholders, in order to secure the 
financing required to fund's the Group's cashflow commitments. The Directors 
have also implemented a programme of cost savings and announced certain asset 
disposals. 
 
 
Although the Group remains in discussions with its bankers, creditors and 
shareholders, it has been unable to secure the necessary funding and reach 
agreement with certain of the Group's creditors. 
 
 
A further announcement will be made as appropriate. 
 
 
For further information please contact: 
 
 
+----------------------------------------------------+------------------+ 
| Expomedia Group Plc                                |    020 8386 0070 | 
+----------------------------------------------------+------------------+ 
| Mark Shashoua /Darra Comyn                         |                  | 
+----------------------------------------------------+------------------+ 
|                                                    |                  | 
+----------------------------------------------------+------------------+ 
| Bishopsgate Communications Ltd.                    |    020 7562 3350 | 
+----------------------------------------------------+------------------+ 
| Maxine Barnes / Gemma O'Hara                       |                  | 
+----------------------------------------------------+------------------+ 
|                                                    |                  | 
+----------------------------------------------------+------------------+ 
| Charles Stanley Securities - NOMAD and broker      |    020 7149 6000 | 
+----------------------------------------------------+------------------+ 
| Mark Taylor / Ben Johnston                         |                  | 
+----------------------------------------------------+------------------+ 
 
 
 
This information is provided by RNS 
            The company news service from the London Stock Exchange 
   END 
 
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