Trading halt on ProvencoCadmus shares

A trading halt has been placed on the shares of technology company ProvencoCadmus, NZX said.

The halt was at the request of ProvencoCadmus and was pending a material announcement relating to the company.

On Friday, ProvencoCadmus said it continued to face risk and uncertainty with its forecast cash flows.

Some of the largest shareholders had declined to fund further working capital, but other shareholders and broader restructuring avenues were still being pursued.

ProvencoCadmus shares closed at 3.5c on Friday, having fallen from 23c a year ago.

- NZPA