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Statement re Ram Vision Ltd.

21 Oct 2013 17:30

RNS Number : 0271R
RAM Active Media PLC
21 October 2013
 



 

 

 

RAM ACTIVE MEDIA PLC ("RAM" or the "Company")

 

Update regarding RAM Vision: Notice of intention to appoint administrator

 

Following the announcement made and the suspension of the Company's shares on 4 September 2013, the board of RAM announces that it has been informed that the board of RAM Vision Ltd., its wholly owned subsidiary, has today filed at court an intention to appoint an administrator. The appointment of an administrator for RAM Vision Ltd. would have no immediate effect on the solvency of the Company but would remove its main trading subsidiary while leaving the RAM Interactive activities and its 30% shareholding in the TrainFX joint venture with the Company.

Whilst the board of RAM Vision Ltd. continues to pursue options for it to continue as a going concern, if none becomes available in the next ten days the appointment of an administrator will become effective.

Shares in the Company will continue to be suspended from trading on AIM until further notice.

 

 

RAM Active Media plc

 

David Binding (Chairman) 07866 809 109

 

Libertas Capital Corporate Finance Limited

 

Sandy Jamieson, Thilo Hoffmann 0207 569 9650

This information is provided by RNS
The company news service from the London Stock Exchange
 
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Date   Source Headline
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15th Dec 20097:00 amRNSDisposal
2nd Dec 20099:26 amRNSIssue of Equity
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23rd Nov 20097:00 amRNSRe Contract
13th Nov 20092:54 pmRNSDirectorate Change
10th Nov 20097:00 amRNSAcquisition
2nd Nov 20096:15 pmRNSResult of Meeting
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13th Oct 20097:00 amRNSShare Swap
9th Oct 20095:11 pmRNSNotice of EGM
5th Oct 20093:00 pmRNSIssue of Equity
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25th Sep 20099:46 amRNSUpdate on Investment
24th Sep 20095:21 pmRNSGrant of Share Options
9th Sep 20097:00 amRNSHalf Yearly Report
8th Sep 20091:03 pmRNSIssue of Equity
28th Aug 20094:30 pmRNSTotal Voting Rights
19th Aug 20095:16 pmRNSChange of Nomad
4th Aug 20097:00 amRNSIssue of Equity
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21st Jul 20093:53 pmRNSIssue of Equity
16th Jul 20092:37 pmRNSUpdate on Investment & Director Details
10th Jul 20096:25 pmRNSUpdate on director details
24th Jun 20092:24 pmRNSFinal Results
8th Jun 20094:40 pmRNSVMG Update and TVR
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30th Apr 20093:12 pmRNSTotal Voting Rights
20th Apr 200912:39 pmRNSInvestment
3rd Apr 200910:25 amRNSInvestment and Placing
31st Mar 200911:34 amRNSTotal Voting Rights
31st Mar 200911:25 amRNSInterim Results
13th Mar 20094:27 pmRNSInvestment and Placing
27th Feb 20095:14 pmRNSBoard Appointment and TVR
25th Feb 20093:59 pmRNSChange of Accounting Date
4th Feb 20097:00 amRNSIssue of Equity
31st Dec 20087:00 amRNSTotal Voting Rights
29th Dec 20081:56 pmRNSResults of AGM and EGM
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