Ashmed Media PLC
LSE : ASHD

October 14, 2013 05:00 ET

Trading Update

ASHMED MEDIA PLC

TRADING UPDATE


Ashmed  Media Plc ("the Company") announces that further to its announcement on 30 August 2013 the  Company
is still unable to publish its results pending clarification of its financial position.

The Company was admitted to ISDX in March 2013 having raised circa GBP450,000 net of expenses.

A  significant proportion of the funds held on admission have been advanced in respect of proposed concerts
which are yet to be performed.

At  this time there is uncertainty as to the ability of the Company to ensure the concerts are carried  out
or indeed recover any of the funds expended.

The  Board  are  investigating the financial position of the Company in light of this uncertainty  and  are
attempting to raise further funds to allow the Company to continue as a going concern.


The Company intends to clarify the position as soon as possible, and provide a further update.


The Directors of the Company accept responsibility for this announcement.

Enquiries:

Ashmed Media plc                                  +44 (0) 7823 328699
Simon Fawcett
Non-Executive Chairman


ISDX Growth Market Adviser                        
Alfred Henry Corporate Finance                    +44 (0) 207 251 3762
www.alfredhenry.com
Nick Michaels and Jon Isaacs


14 October 2013

Contact Information

  • Ashmed Media PLC