Appointment of administrators
13 March 2009 - 3:23AM
UK Regulatory
TIDMWDNY
RNS Number : 7860O
Widney PLC
12 March 2009
12 March 2009
Widney Plc ("Widney"or the 'Company')
Appointment of administrators
The Board of Widney plc has today appointed Kim Rayment and Toby Underwood of
BDO Stoy Hayward LLP to act as Administrators of the Company and two trading
Subsidiaries.
Further to the announcement on 13 February 2009 that the
trading of shares was to be suspended, the Company has been unable to raise the
required additional working capital required and so the Board have concluded
that the Company is no longer in a position to continue its operations. It is
anticipated that the Administrators will seek buyers for the business and assets
of the Group.
Enquiries to:
Widney Plc
c/o Kim Rayment/Toby Underwood
BDO Stoy Hayward LLP (administrator) Tel: +44 (0)121 352 6340
FinnCap
Clive Carver/Rose Tel: +44 (0) 20 7600 1658
This information is provided by RNS
The company news service from the London Stock Exchange
END
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