Disposal of Assets
22 September 2010 - 3:03AM
UK Regulatory
TIDMHML
RNS Number : 0753T
Henderson Morley PLC
21 September 2010
21 September 2010
HENDERSON MORLEY PLC
("Henderson Morley" or the "Company")
(AIM: HML)
DISPOSAL OF ASSETS
The Administrators of the Company, Craig James Povey, Kevin Anthony Murphy,
Kenneth William Touhey of Chantry Vellacott DFK, have reported that the assets
of the Company and Henderson Morley Research & Development Limited, including
Patents, laboratory equipment, office equipment and furniture, were sold
following their appointment on 8 September to Dawnglow Limited, a company of
which Andrew Knight and Ian Pardoe are directors and shareholders. Andrew Knight
and Ian Pardoe are former directors of Henderson Morley plc.
The consideration for the sale was GBP105,000 for the Patents and GBP15,000 for
the laboratory equipment, office equipment and furniture. In addition, a further
amount of consideration may be payable - this equates to 25% of any revenues
generated in respect of the Patents in the first 12 months and 10% of any
revenues in the following 6 months.
-END-
Enquires:
BREWIN DOLPHIN CORPORATE ADVISORY & BROKING
Neil Baldwin
0845 213 4726
This information is provided by RNS
The company news service from the London Stock Exchange
END
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