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Prestbury suspended from Aim for late publication of results

Prestbury has suspended trading on Aim as it is late publishing its annual results.

In a statement to the stock market the network says it has requested immediate suspension of trading as it is unable to publish its audited results for the year ending December 2007 within the six-month deadline imposed by Aim rules.

The firm says it is in the process of finalising its results which will be posted to shareholders as soon as possible.

Earlier this week Prestbury’s chief executive Lee Birkett confirmed that the board has received a request for an extraordinary general meeting.

He declined to reveal what the EGM would be voting on, but it is thought some shareholders want network chairman Francis Maude, MP, and non-executive director David Anderson to step down.

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