Less Ads, More Data, More Tools Register for FREE

Pin to quick picksTEG.L Regulatory News (TEG)

  • There is currently no data for TEG

Watchlists are a member only feature

Login to your account

Alerts are a premium feature

Login to your account

The TEG Group PLC to enter Administration

19 Dec 2014 16:20

RNS Number : 3698A
TEG Group (The) PLC
19 December 2014
 

19 December 2014

The TEG Group PLC

(the "Company" or the "Group")

The TEG Group PLC to enter Administration

Further to the announcement made on 25 October 2014, the Board announces that it has been unable to secure further funding for the Group. As a result, and following discussions with the Group's senior lenders, the Board has decided that it must now place The TEG Group PLC into administration.

Following that decision a notice of appointment of administrators in respect of The TEG Group PLC for the appointment of Daniel Smith and William Dawson of Deloitte LLP as joint administrators of The TEG Group PLC ("the Administrators") was filed at Court.

Following the appointment of the Administrators, Nplus1 Singer Advisory LLP has today resigned as Nominated Adviser and Broker to the Company with immediate effect. If the Company fails to appoint a replacement nominated adviser within one month from today, the admission of its AIM securities will be cancelled. It is unlikely that the Administrators will seek to appoint a new Nominated Advisor in respect of the Company.

The Administrators have immediately following their appointment successfully concluded the disposal of Simpro Limited to Veolia ES (UK) Limited.

The Administrators have also been appointed administrators of the Company's subsidiaries TEG Environmental Limited ("Environmental") and TEG Energy Limited ("Energy"). Environmental's and Energy's core sites are continuing to operate under the control of the Administrators whilst they explore the potential for going concern sales of these operations.

- ENDS -

The TEG Group Plc

Tel: 01772 644980

 

Michael Fishwick, Chief Executive

www.theteggroup.plc.uk

 

Peckwater PR

Tel: 07879 458 364

 

Tarquin Edwards

tarquin.edwards@peckwaterpr.co.uk

 

Deloitte

Will Black

Tel: 0207 007 8242

wiblack@deloitte.co.uk

 

This information is provided by RNS
The company news service from the London Stock Exchange
 
END
 
 
MSCTLBFTMBMBBLI
Date   Source Headline
4th Apr 20185:35 pmRNSAnnual Financial Report and AGM Notice
21st Mar 20187:00 amRNSFull-Year Results
26th Feb 20184:22 pmRNSNotice of Full-Year Results
9th Feb 20187:00 amRNSAcquisition of two sites
18th Jan 20187:00 amRNSFull-Year Trading Update
19th Dec 20174:59 pmRNSHolding(s) in Company
15th Dec 201710:00 amRNSNotice of Full-Year Trading Update
5th Oct 20173:20 pmRNSDirector/PDMR Shareholding
5th Oct 20173:10 pmRNSHolding(s) in Company
5th Oct 201711:05 amRNSHolding(s) in Company
4th Oct 20175:15 pmRNSHolding(s) in Company
4th Oct 20173:05 pmRNSHolding(s) in Company
4th Oct 201710:15 amRNSHolding(s) in Company
3rd Oct 20171:45 pmRNSHolding(s) in Company
2nd Oct 20176:00 pmRNSAMENDMENT - Result of placing in Ten Entertainment
2nd Oct 20175:15 pmRNSResult of placing in Ten Entertainment Group PLC
2nd Oct 20174:25 pmRNSProposed placing in Ten Entertainment Group PLC
2nd Oct 20172:54 pmRNSAppointment of Joint Broker
15th Sep 20172:40 pmRNSDirector/PDMR Shareholding
13th Sep 20177:00 amRNSHalf-Year Results
25th Aug 20173:35 pmRNSNotice of Interim Results
30th Jun 20177:00 amRNSNew site acquisition
28th Jun 20175:30 pmRNSConfirmation of Reduction of Capital Exercise
7th Jun 20172:45 pmRNSResults of a General Meeting
22nd May 20174:05 pmRNSPerformance Share Plan Awards
22nd May 20172:39 pmRNSNotice of General Meeting
19th Apr 20178:00 amRNSAdmission to Trading on the London Stock Exchange
12th Apr 20176:05 pmRNSPublication of Prospectus
12th Apr 201711:45 amRNSPricing of Initial Public Offering
19th Dec 20144:20 pmRNSThe TEG Group PLC to enter Administration
25th Nov 20142:38 pmRNSFinancing Update
28th Oct 20147:00 amRNSSuspension of trading on AIM
27th Oct 20143:45 pmRNSSuspension - TEG Group (The) Plc
30th Sep 20141:10 pmRNSHalf Yearly Report
4th Jul 20147:00 amRNSHalf Year Update
20th Jun 20143:38 pmRNSResult of AGM
22nd May 201410:00 amRNSBoard Changes
24th Apr 201411:47 amRNSTEG Biogas Opens for Business
3rd Apr 201412:39 pmRNSHolding(s) in Company
1st Apr 20147:00 amRNSAcquisition of Composting Business
31st Mar 20147:01 amRNSFinal Results
31st Mar 20147:00 amRNSBoard Changes
6th Mar 20147:00 amRNSDagenham Plant - Completion and Handover
7th Feb 20143:38 pmRNSHolding(s) in Company
31st Jan 20147:00 amRNSPre-Close Trading Update for 2013
30th Sep 20137:05 amRNSIssue of Loan Notes
30th Sep 20137:00 amRNSHalf Yearly Report
24th Sep 20137:00 amRNSNotice of Results
26th Jun 20135:38 pmRNSResult of AGM & Statement
18th Jun 20137:00 amRNSRe Contract

Due to London Stock Exchange licensing terms, we stipulate that you must be a private investor. We apologise for the inconvenience.

To access our Live RNS you must confirm you are a private investor by using the button below.

Login to your account

Don't have an account? Click here to register.

Quickpicks are a member only feature

Login to your account

Don't have an account? Click here to register.