Corporate Action issued21 Apr 2009 14:19
Immediately following their appointment, the Administrators completed a sale of the entire business and assets of Axeon, to AG Holding Limited.
Also subsequent to the appointment of Administrators, the Company's Nominated Advisor (NomAd) and Broker, Arbuthnot Securities Limited, announced its resignation with immediate effect.
Under the Alternative Investment Market (AIM) Rules, if Axeon fails to appoint a replacement NomAd within one month of the resignation, the admission to trading on AIM will be cancelled.
Please note trading in the Company's Ordinary shares was suspended on the Alternative Investment Market (AIM) on 20th April 2009. You should be aware that you will not be able to sell or otherwise deal in your Axeon shares on AIM, while the shares are suspended.
Creditors of Axeon Holdings PLC, and of its subsidiaries, should be unaffected by this process. However, it is unlikely that shareholders will make a recovery.