Appointment of Receiver (9895Z)
24 March 2012 - 1:36AM
UK Regulatory
TIDMWSPR
RNS Number : 9895Z
Worldspreads Group PLC
23 March 2012
WorldSpreads Group plc
("WorldSpreads" or the "Company")
Appointment of Receiver
Further to the announcement on 19 March 2012 regarding the
appointment of joint special administrators to Worldspreads
Limited, the Company's principal trading subsidiary, and the
directors of Worldspreads having invited the secured lender to
appoint a receiver, the Company's secured lender has appointed a
receiver to the assets and undertaking of the Company (the
"Receiver").
It is not anticipated that there will be any return to the
Company's shareholders following the appointment of the
Receiver.
For further information, please contact:
WorldSpreads Group plc
Lindsay McNeile, Executive Chairman
Dominic Bacon, General Counsel
+44 (0)20 7398 5100
Collins Stewart Europe Limited
Mark Dickenson
+44 20 7523 8350
About WorldSpreads Group plc
WorldSpreads Group plc (AIM: WSPR) is a financial services group
that offered online and telephone trading. The Group's core
activity was the provision of spread betting products on the
financial markets to retail clients from its website
www.worldspreads.com.
WorldSpreads Limited, a wholly-owned subsidiary of the Company,
is regulated and authorised by the Financial Services
Authority.
WorldSpreads Group plc floated on the London Stock Exchange's
AIM market in August 2007 and gained a dual listing by joining what
is now the Irish Stock Exchange's Enterprise Securities Market
("ESM") in May 2008.
This information is provided by RNS
The company news service from the London Stock Exchange
END
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