Travelzest plc Statement re. Suspension (1333S)

TIDMTVZ

RNS Number : 1333S

Travelzest plc

04 November 2013

4 November 2013

Travelzest PLC

("Travelzest" or the "Company")

Statement re Suspension

The Board of Travelzest today announces that the Company's shares have been suspended from trading on AIM with immediate effect.

This is following the receipt, by the Company, of a demand notice from the Company's primary lender, Elleway Acquisitions Limited ("EAL"), for the immediate repayment of all monies owed to EAL by the Company.

At this time the Company is unable to repay the monies owed to EAL and consequently there is a material uncertainty around the Company's short term working capital position.

The Company will make further announcements as appropriate.

Enquiries:

 
 Travelzest plc 
 Christopher Howell - Non-Executive     Via Redleaf Polhill 
  Chairman 
 
 Redleaf Polhill                        +44 (0)20 7566 6720 
 Rebecca Sanders-Hewett / Jenny Bahr    travelzest@redleafpr.com 
 
 Sanlam Securities UK Limited 
  (Nominated Adviser and Broker)        +44 (0)20 7628 2200 
 Simon Clements / Virginia Bull

Notes to Editors:

Travelzest plc (LSE:TVZ.L) is a dynamic travel group, with a collection of online travel retailers. Included in the Travelzest agency family are itravel2000 and The Cruise Professionals. Travelzest is traded on London's AIM Exchange under the symbol TVZ.

This information is provided by RNS

The company news service from the London Stock Exchange

END

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