Sign In
18 Dec 2008 08:01
ο»Ώ
18Β December 2008
AssetCo plc
TVAC - The Vehicle Application Centre Limited ('TVAC')Β
PlacedΒ intoΒ administration
AssetCo plc, (AIM : ASTO)Β the integrated support services business,Β announcesΒ thatΒ the Board has concluded it's strategic review of TVAC Ltd and due to continued lossesΒ thereΒ isΒ no longer any prospectΒ thatΒ TVAC, a wholly owned subsidiary, canΒ operate as a going concern. Accordingly, it has beenΒ placed intoΒ administrationΒ today.
Β
This actionΒ should have no material adverse affect onΒ the financial performance of AssetCoΒ plc.
TheΒ JointΒ Administrators areΒ John Charles Reid andΒ William Kenneth DawsonΒ of Deloitte LLP, Saltire Court, 20 Castle Terrace, Edinburgh EH1 2DB
Enquiries:Β
|
AssetCo |
Tel: +44 (0) 20 8515 3999 |
|
Frank Flynn, Financial Director |
|
|
James Collins, Investor Relations |
|
|
RBS Hoare Govett Limited |
Tel: +44 (0) 20 7678 8000 |
|
Stephen Bowler |
|
|
John MacGowan |
|
|
Richard Crichton |
|
|
Pelham PR |
Tel: +44 (0) 207743 76670 |
|
Alex Walters |
|
|
Francesca TuckettΒ |
Follow the stocks
