suspended11 Jul 2011 08:05
http://www.investegate.co.uk/Article.aspx?id=201107110700091040K
Although still subject to the possibility of further change, it is currently envisaged that the existing Group will cease to be an operator of homes at the end of the restructuring period. It is also anticipated that landlords, lenders and, where appropriate, other residual stakeholders will agree the necessary measures to facilitate the orderly closure of the Group's affairs and that little or no value will be attributable to shareholders. Given this background, and in agreement with UKLA, the Board has taken the decision that trading in the Company's shares be suspended with immediate effect.