- Pallet company RM2 International said it expected to miss a deadline for filing its annual accounts and would consequently suspend trading in its shares while it faces financing challenges.

The company said it had been in discussions with potential lenders over the past several months.

'As of today's date, a binding offer of funding is yet to be received by the company from potential lenders,' RM2 International said.

'The company will continue discussions with potential lenders over the next few weeks, however shareholders should be aware that there is no guarantee any offer of funding will be on acceptable terms to the company, or be forthcoming at all.'

'Pending confirmation of interim funding, the group and its auditors are unable to finalise the audit of its annual financial statements for the year ended 31 December 2018.'

'Consequently, there is a strong likelihood the company will not be in a position to publish its 2018 AFS by 30 June 2019.'

At 9:12am: (LON:RM2) RM2 International SA share price was -21p at 6.5p

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