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| Share Name | Share Symbol | Market | Type | Share ISIN | Share Description |
|---|---|---|---|---|---|
| Aerte Grp | LSE:AER | London | Ordinary Share | GB0002683034 | ORD 1P |
| Price Change | % Change | Share Price | Bid Price | Offer Price | High Price | Low Price | Open Price | Shares Traded | Last Trade | |
|---|---|---|---|---|---|---|---|---|---|---|
| 0.00 | 0.00% | 0.125 | 0.00 | 01:00:00 |
| Industry Sector | Turnover | Profit | EPS - Basic | PE Ratio | Market Cap |
|---|---|---|---|---|---|
| 0 | 0 | N/A | 0 |
From May 2019 to May 2024
TIDMAER
RNS Number : 8304S
Aerte Group PLC
05 December 2012
5 December 2012
AERTE GROUP PLC
(the "Company" or together with its subsidiaries the "Group")
Appointment of administrators
Further to the announcement on 26 November 2012, the Company announces that it has been unable to secure additional funding for the Group and as such, is unable to continue to trade as a going concern. Consequently, the Company has appointed Chris Pillar and Stuart Maddison of PricewaterhouseCoopers LLP, as joint administrators of the Aerte Group PLC, Aerte Limited and A D Science Limited.
The decision to appoint the administrators is taken after careful consideration and having explored all options to raise additional capital. The Board would like to thank the Group's employees and customers for their hard work and support throughout the Company's history.
The Directors will be working with the administrators to protect the interest of creditors and to try and ensure that the business is saved in part or as a whole and the administrators ask any interested parties to contact them as a matter of urgency.
As a result of the appointment of administrators, Panmure Gordon (UK) Limited has today resigned as Nominated Adviser to the Company with immediate effect. Pursuant to AIM Rule 1, if a replacement Nominated Adviser is not appointed within one month, the admission of the Company's securities will be cancelled. The Company has no intention of appointing a replacement Nominated Adviser.
Trading in the Company's Ordinary Shares on AIM remains suspended.
For further information:
Aerte Group PLC Tel: +44 (0)20 7603 1515
Andrew Tonks, Chief Executive
PwC LLP
Press enquiries: Elizabeth Faulkner, PwC media relations, +44 (0)20 7213 1018 elizabeth.a.faulkner@uk.pwc.com
Interested parties: Claire McEwen, +44 (0)118 938 3592
claire.l.mcewen@uk.pwc.com
Creditors and other parties: James Kent, +44(0)1202 414390
james.e.kent@uk.pwc.com
This information is provided by RNS
The company news service from the London Stock Exchange
END
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