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Ultrasis Files Notice Of Intention To Appoint Administrators

Wed, 22nd Apr 2015 12:36

LONDON (Alliance News) - Ultrasis PLC said Wednesday that it has filed a notice of intention to appoint Paul Flint and Brian Green of KPMG LLC as administrators.

Last Friday the healthcare products and services company's fund-raising with largest shareholder Paul Bell fell through, as Bell was "no longer in a position to participate". At the time it had said that it was in talks with various parties over alternative sources of funding.

Shares in Ultrasis remain suspended.

By Hana Stewart-Smith; hanassmith@alliancenews.com; @HanaSSAllNews

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