HandMade Plc shares suspended as it fails to produce accounts
Shares in HandMade Plc, the UK-based film company, were suspended yesterday (June 30) as it emerged the company has yet to publish audited accounts for the year to December 31, 2008.
The company, which is listed on the Alternative Investment Market (AIM), should have filed its annual accounts to shareholders by Tuesday.
However, HandMade sources said that the suspension was a regulatory matter because the company is involved in “multiple transactions” and associated fundraising. Details of the deals are not yet known but the company has made it clear it is interested in making acquisitions on the content side.
Full details of the company’s current deals and its audited results are due to be published within the next fortnight, following which its shares can resume trading.
HandMade was founded by former Beatle George Harrison in 1979 to finance Monty Python’s Life Of Brian. The company’s current film slate includes remakes of Mona Lisa and The Long Good Friday as well as family film, Eloise In Paris.
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