Cashbox shares suspended

Shares in ATM cash machine supplier Cashbox have been suspended from the AIM.

Cashbox, which supplies machines to around 2,500 venues including Fuller's, Orchid and Greene King pubs, suspended shares this morning.

It comes as the board considers what action to take in regard to a demand for a £1.8m loan note to be repaid immediately.

In a statement, the company said: "On 26 October 2010, Cashbox was informed that legal title to the £1.8 million loan note ("Loan Note") which was issued on 19 September 2008 and arose out of the settlement of litigation announced on 23 October 2007 had been transferred to YourCash Limited (formerly Hanco ATM Systems Limited) ("YourCash").

"On 8 November 2010, YourCash claimed immediate repayment of the entire principal and accrued interest due under the Loan Note, having concluded that Cashbox was in breach of certain provisions of the Loan Note.

"Whilst the directors of Cashbox are considering the next steps to take in connection with this claim, trading of the Company's ordinary shares on AIM has been suspended."