26 Nov 2009 11:08
RNS Number : 1344D
ASG Media PLC
26 November 2009
26 November 2009
ASG Media plc
("ASG" or the "Company")
Asset Sale
The Administrators of ASG Media plc confirm that on 4 November 2009 they sold the business and assets of the Group's trading subsidiaries, ASL Media Limited and Freelance Media Limited to RAM Investment Group PLC for £155,000 excluding receivables and on 9 November, the Administrators sold certain other assets of ASG to RAM Investment Group PLC for a further £20,000.
The Administrators believe that there will be insufficient assets to meet the Company's liabilities in full.
Enquiries:
Antony Batty & Company LLP 020 7831 1234
Administrators
Antony Batty
Stephen Evans
This information is provided by RNS
The company news service from the London Stock Exchange