Statement re. Suspension

    RNS Number : 3798E
  Hardy Amies PLC
  26 September 2008
   
    26 September 2008


    Statement re-Suspension
    Hardy Amies plc ("Hardy Amies" or the "Company")

    Hardy Amies announces that it has requested that trading in its shares on AIM be suspended with immediate effect pending clarification
of the Company's financial position.

    The Company has been provided with significant financial support to date in the form of substantial loans from its major shareholder,
Arev Brands Limited ("ABL"). The Company recently requested further financial support from ABL to fund ongoing working capital requirements.
The Directors of Hardy Amies were confident that the necessary funds would be forthcoming until late yesterday afternoon, when its major
shareholder informed the Company that it was unable to provide the requisite finance.

    The Directors are considering the options for the Company in the light of this news, which may involve placing Hardy Amies into
administration.

    Enquiries

    Hardy Amies
    Andrew Manders
    Tel: 020 7734 2436

    Shore Capital 
    Guy Peters
    Tel: 0207 408 4090

This information is provided by RNS
The company news service from the London Stock Exchange
 
  END 
 
SRSEAANSAEPPEAE

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