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REH 0.88p

06 May 2016 16:12

Welcome to REH

 

Commencement of winding up proceedings,
resignation of nominated adviser and
probable cancellation of admission of the Company’s ordinary shares to trading on AIM

The board of directors of REH (the “Board”) announces that, following extensive deliberations, both internally and with the Company’s advisers, it has today filed a winding up claim with the High Court of Justice of the Isle of Man (the “Court”) in order to commence liquidation proceedings in accordance with the Isle of Man Companies Acts 1931 and the Winding Up Rules of 1934 (the “Liquidation”) as the Board has reached the conclusion that there is no prospect of repaying the outstanding debts.