Puma VCT 12 PLC Puma VCT 12 plc: Holding in Sweat Union Limited (8171X)
May 01 2019 - 1:19PM
UK Regulatory
TIDMPU12
RNS Number : 8171X
Puma VCT 12 PLC
01 May 2019
Puma VCT 12 plc ("the Company"): Holding in Sweat Union
Limited
As reported in the most recent interim results, Sweat Union
Limited ("Sweat"), the budget gym operator in which we invested
some GBP3.4m, was experiencing trading difficulties. We regret to
have to report that, following the rejection of a proposed
creditors' voluntary arrangement, its directors today have begun a
process which may lead to Sweat entering creditors' voluntary
liquidation. The shareholders are not expected to make any recovery
from this liquidation, which will therefore reduce the Company's
net asset value by approximately 11p per share.
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END
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