ILP shares frozen at request of board

After failing to publish its interim results within the required four month period, shares in packaging group ILP have been suspended at the request of the company.

ILP has a half-year ending June 30th and, under Stock Exchange rules, should have published these results before the end of October. It is understood, however, that the share suspension is likely to be brief and that the results will be published shortly.

After the group's annual general meeting in August, chief executive Mr Paul Burke said that ILP would return to profit in the half-year after the £668,000 loss that the group reported for full-year 1997.