3 Aug 2009

ProvencoCadmus trading halted

10:50 am on 3 August 2009

A trading halt is in place on shares of ProvencoCadmus.

The share price in the payment technology company collapsed last week after an announcement that it needs short term support to tide the business over.

On Friday, chairman Rick Christie said he was still hoping to secure funding following unsuccessful talks with major shareholders and banks.

The New Zealand stock exchange says the trading halt will remain in place until a further announcement.

ProvencoCadmus closed at 3.5 cents per share on Friday.