SHFT Shaft Sink

TIDMSHFT

RNS Number : 9654U

Shaft Sinkers Holdings Plc

22 October 2014

22 October 2014

Shaft Sinkers Holdings plc (the "Company")

Funding Update

The Company provides an update with regards to the proposed GBP9.2 million issue of convertible loan notes (the "Convertible Loan Notes") announced on 22 August 2014.

Discussions with potential investors are continuing and the Company is preparing a circular to convene a general meeting to approve the issuance of the Convertible Loan Notes. However, the Company will not now be ready to post the circular to shareholders by 22 October 2014 as previously expected. The Company now expects to post the circular by 5 November 2014.

Further announcements will be made as appropriate.

ENDS

For further information:

   Shaft Sinkers Holdings plc                               +44 (0) 787 595 1362 

Alon Davidov, Chief Executive Officer

Chris Hall, Chief Financial Officer

   Aura Financial                                                   +44 (0) 207 321 0000 

Andy Mills

This information is provided by RNS

The company news service from the London Stock Exchange

END

MSCLIFLEIDLFFIS

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