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Update: Re Creditor Scheme of Arrangement

25 Aug 2011 14:59

RNS Number : 0596N
AssetCo PLC
25 August 2011
 



25 August 2011

 

AssetCo plc

("AssetCo" or "the Company")

 

Court permission for proposed Creditor Scheme of Arrangement; and

Adjournment of Court hearing of winding up petition

 

Further to the Company announcement on 23 August 2011, the Company announces that, at a Court hearing held earlier today, the Court:

 

(1) granted permission to the Company to convene relevant meetings of its creditors in respect of a proposed scheme of arrangement between the Company and certain of its creditors (the "Scheme"); and

 

(2) in order to allow creditors the opportunity to consider the Scheme, adjourned the hearing of the petition previously lodged by Northern Bank for the winding up of the Company until 28 September 2011.

 

The Company expects next week to post to its creditors a document explaining the Scheme, setting out the full terms of the Scheme and convening the relevant meetings of creditors. A further announcement will be made in due course to advise as to the posting of the Scheme document. A full copy of the Scheme document will be available on the Company website once it has been sent Company Creditors. www.assetco.com

 

Enquiries:

AssetCo plc

Tudor Davies: +44 (0) 207 614 5917

 

Arden Partners plc

Richard Day +44 (0) 207 614 5917

Adrian Trimmings

Chris Thomas

 

Citigate Dewe Rogerson

Fiona Tooley: Office: +44 (0) 121 362 4035

 

 

This information is provided by RNS
The company news service from the London Stock Exchange
 
END
 
 
MSCDKPDPNBKDFFB
Date   Source Headline
14th Mar 20112:16 pmRNSStatement regarding approach to Assetco
14th Mar 20117:00 amRNSStatement re Press Speculation
10th Mar 201112:21 pmRNSNotification of Major Interest in Shares
3rd Mar 20117:45 amRNSProposed Placing of new Ordinary Shares
23rd Feb 20117:00 amRNSCompany Update
21st Feb 20114:40 pmRNSSecond Price Monitoring Extn
21st Feb 20114:35 pmRNSPrice Monitoring Extension
21st Feb 20113:56 pmRNSAward of UAE Armed Forces Contract
21st Feb 20117:00 amRNSCompany Update and Equity Fundraising
14th Feb 20117:00 amRNSCompany Update and Offer Talks Discontinued
9th Feb 20112:53 pmBUSForm 8.3 - Assetco Plc
9th Feb 201112:15 pmPRNForm 8.3 - Assetco Plc
8th Feb 20113:47 pmRNSUpdate on Financing
8th Feb 20112:27 pmPRNForm 8.3 - Assetco Plc
4th Feb 201111:24 amPRNForm 8.3 - ASSETCO Plc
3rd Feb 201110:03 amPRNForm 8.3 - AssetCo Plc
2nd Feb 201112:25 pmPRNForm 8.3 - ASSETCO Plc
1st Feb 20112:18 pmPRNForm 8.3 - AssetCo Plc
1st Feb 201111:18 amBUSForm 8.3 - Assetco Plc
1st Feb 201110:43 amPRNForm 8.3 - ASSETCO Plc
31st Jan 20114:09 pmRNSRule 2.10 Statement
31st Jan 20118:07 amRNSStatement re Press
23rd Dec 201010:03 amRNSDisposal
23rd Dec 20109:46 amRNSNotification of Major Interest in Shares
13th Dec 20107:00 amRNSHalf Yearly Report
29th Nov 201012:03 pmRNSInterim results date
4th Oct 20107:00 amRNSDirectorate Change
4th Oct 20107:00 amRNSTrading Update
18th Aug 201012:21 pmRNSResult of AGM
19th Jul 20102:55 pmRNSAnnual Report and Accounts
8th Jul 20103:33 pmRNSNotification of Major Interest in Shares
25th Jun 20104:06 pmRNSRecord Date
25th Jun 20107:00 amRNSFinal Results
22nd Jun 201011:20 amRNSPreliminary Announcement date change
16th Apr 201012:33 pmRNSHolding(s) in Company
12th Apr 20107:00 amRNSInterim Management Statement
12th Mar 20104:03 pmRNSDirector/PDMR Shareholding
5th Mar 201012:38 pmRNSHolding(s) in Company
4th Mar 20107:00 amRNSAssetCo Awarded ?40m UAE Government Contract
22nd Jan 20101:19 pmRNSHolding(s) in Company
15th Jan 201010:30 amRNSUV Modular Ltd
5th Jan 20107:00 amRNSBoard Appointment
7th Dec 20097:04 amRNSInterim Results
19th Nov 20092:37 pmRNSNotification of results date
4th Nov 20097:00 amRNSAppointment of Non-Executive Director
2nd Nov 20097:00 amRNSJoint Venture with Abu Dhabi Government
5th Oct 20097:00 amRNSTrading Update
24th Aug 200911:22 amRNSNotification of Material Interest
31st Jul 20095:04 pmRNSDirectors' Dealings
31st Jul 200912:04 pmRNSVoting Rights and Capital

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