oh well26 May 2009 15:58
ONDON (Dow Jones)--Network Data PLC (NDH.LN), a company engaged in the provision of services to mortgage and insurance intermediaries operating in the United Kingdom market, including the provision of software for quotations on mortgages and related insurance, said Friday that Bruce Alexander Mackay and Matthew Robert Haw of Baker Tilly Restructuring and Recovery LLP, were appointed as administrators of Network Data, Network Data Limited and Mortgage Broking Solutions Limited.
MAIN FACTS:
-Following the appointment of administrators, its contract with its Nominated Adviser, Noble & Company, has now terminated.
-If the Company fails to appoint an alternative Nominated Adviser on or before 0700GMT on June 23 then, the admission of the Company's ordinary shares to trading on AIM will be cancelled.
-By London Bureau, Dow Jones Newswires; +44 (0)20 7842 9296; ian.walker@dowjones.com