RTC Group Puts Training Subsidiary Into Administration

LONDON (Dow Jones)--RTC Group PLC (RTC.LN), an AIM listed business services provider specializing in recruitment, training and conferencing, said Friday it has put its training subsidiary Catalis Ltd. into administration. MAIN FACTS: -Although restructuring in 2009 brought the business close to breakeven in the first quarter of 2010, significant revenue shortfalls in the second quarter and the uncertainty over future industry spend on rail training has led to this action being taken. -The Group had explored a wide range of options in respect of the Catalis business prior to taking this action. -Shares at 1000 GMT down 1 pence, or 5.9%, at 16 pence. -By Tommy Stubbington, Dow Jones Newswires; 44-20-7842-9268; tommy.stubbington@dowjones.com (END) Dow Jones Newswires June 25, 2010 06:07 ET (10:07 GMT)