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Orderly wind down of Adventis Health

19 Sep 2011 07:00

RNS Number : 4289O
Adventis Group PLC
19 September 2011
 



Adventis Group Plc ("ATG.L")

("Adventis" or the "Group")

 

Orderly wind down of Adventis Health

 

As a result of continuing losses incurred at Adventis Health, Adventis announces that following a strategic review, it has commenced an orderly wind down of the division's operations. It is expected that all 24 staff of Adventis Health will either be redeployed or made redundant on completion of their client projects over the next few months.

 

The orderly wind down will result in the impairment at the year-end of the remaining consolidation goodwill carried in respect of Adventis Health, amounting to approximately £1.0 million.

 

Further details will be set out in the Group's interim results that are scheduled to be released on 27 September 2011.

 

Enquiries:

 

Adventis Group Plc 01494 731600

Nick Winks, Chairman

Andrew Pearson, Finance Director

 

Arbuthnot Securities Limited 020 7012 2000

Tom Griffiths

Rebecca Gordon

This information is provided by RNS
The company news service from the London Stock Exchange
 
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