Attraction services firm Paragon Entertainment (LON:PEL) is one of the biggest movers on the AIM market this morning, with shares falling over 20 percent following a board update.
The company have withdrawn Resolutions designed to ensure that the company could meet legal guidance on issuing shares, after they were found to be insufficient.
Guidance for 2015 left the company’s EBITDA unchanged at £0.2 million, with 2015 turnover likely to be in the region of £8.5 million. Mark Taylor, Executive Chairman of Paragon Entertainment, said of the forecasts:
“The Paragon team has worked very hard to resolve a number of historical issues since Q4 2014 and I am pleased that these are behind us. We now have good visibility on our revenue which we expect to grow steadily and profitably over the forthcoming years.”
Paragon are an attraction services firm who work with the design, fit out and installation of themed attractions, heritage exhibits, museums, aquariums and water parks. Paragon have a 52 week range of between 1.25 and 3 pence per share, and is currently trading down 19.21 percent at 2.04. (1109GMT)
11/12/2015
