The directors of the cashmere firm Dawson International have requested that shares in the company be suspended on the London Stock Exchange.
Following on from the firm’s announcement on July 20th, that it faced administration over its pension liabilities, the board of Dawson International has reported that the actuary of the UK defined benefit pension plans (the Plans), has served Notices of a Determination of Contribution (Notices) jointly on the parent company and its UK trading subsidiary, Dawson International Trading Limited.
Directors at both of these companies will consider these Notices with their advisors to determine whether they are valid and whether it is necessary to appoint administrators for either or both companies.
The directors of the parent company have emphasised that there is no intention to appoint administrators for the US knitwear business, Dawson Forte, which is well funded and continues to trade normally.
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