Silverdell PLC

Further re Suspension of Dealings

RNS Number : 3973J
Silverdell PLC
16 July 2013

Silverdell PLC

("Silverdell" or "the Group")


Further re Suspension of Dealings



The Group announced on 2 July 2013 that it had requested a suspension of trading in Silverdell's shares pending clarification of the Group's financial position.  This followed the appointment of administrators to Kitsons Environmental Europe Limited ("Kitsons"), one of the Group's principal trading subsidiaries.


The Board is pleased to confirm that discussions with the Group's bankers, HSBC, have reached a satisfactory outcome.  HSBC has confirmed that it remains supportive of the business and will be providing additional short term facilities to the Group.


The Board also confirms that Kitsons is the only Group company which is in administration, and that all other Group companies continue to trade as normal.  The Board is extremely grateful to the Group's employees, customers and suppliers for their patience and forbearance.


Further announcements will be issued in due course.





Silverdell Plc

Tel: + 44 20 7389 6827

Sean Nutley, Group Chief Executive

Ian Johnson, Chief Financial Officer

FinnCap (Nominated Adviser and Broker)

Tel: + 44 20 7220 0500

Matt Goode (Corporate Finance)

Ben Thompson (Corporate Finance)

Victoria Bates (Corporate Broking)

College Hill

Tel: + 44 20 7457 2020

Helen Tarbet

Mark Garraway



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