AEA Technology



Provides consultancy, technical services and products to three markets: Rail; Environment and Portable Power . AEA operates from 50 locations worldwide, including Harwell, Derby, Thurso, Glasgow in the UK, with offices also in the US, Canada, the Netherlands and Germany.




http://www.aeat.co.uk/

Time to add IMO.

AGM STATEMENT AND TRADING UPDATE

At the AGM to be held today at 09.00am, Paul Golby, Chairman will make the following statement.

"Trading for the year to date remains in line with the Board's expectations.

Trading conditions remain challenging but good progress is, nevertheless, being made in the implementation of the business plan.

The recently secured additional short term funding is allowing the Board to continue to consider all strategic options to realise value. We have ongoing and constructive discussions with a number of interested parties. As previously announced, the Board does not envisage there will be offers for the share capital of the Company.

While these discussions remain on-going, the situation remains such that the existing level of the Group's net debt and the level the Group retirement benefit obligations are considerably greater than the likely value of the Group's business as a whole. Therefore, as previously announced, the Board remains of the view that such options will result in little or no value for Shareholders.

The Board will provide further updates in due course."

It appears that I should accept the loss and get out!

indeed - will continue volatile to the end here

Update on Banking Facilities

On 6 August 2012, the Company announced that it had entered into a facility agreement with the Lloyds TSB Bank plc (the "Bank") for additional short term funding of £5 million on a secured basis through to the end of October 2012. As announced previously, the additional funding has allowed the Board to continue its consideration of all strategic options to realise value and the Board remains in on-going and constructive discussions with a number of interested parties.

Given these on-going discussions the Bank remains supportive of the Company while it continues its consideration of all strategic options.

Notwithstanding this on-going process and related discussions, as previously announced, the Board remains of the view that such strategic options would result in little or no value for shareholders.

The Company will provide a further update in due course.

Finally suspended!

I bet the Watsons wish they had invested in BIOM now! Still can't fathom out what they were doing.

Is there any chance for AAT to come back. Many private investers has put lot of their money in AAT, Surely they should have known about the companys situation

If it does, it won't be to the advantage of current shareholders I'm afraid.

My million shares were removed from my ISA on the 12th.