Appointment of Administrators

 

TIDMHHC 
 
RNS Number : 6102I 
Hexagon Human Capital PLC 
15 March 2010 
 

 
15 March 2010 
Hexagon Human Capital PLC (the "Company" or "Hexagon") 
Appointment of Administrators 
 
On 18 February 2010 the Company announced that trading in its ordinary shares on 
the AIM market of the London Stock Exchange had been suspended, pending 
clarification of its financial condition. 
Since this announcement the Company's board of directors (the "Board") has 
explored a number of restructuring options available to the Company. As a 
result, and in light of the Company's current financial condition, the Board has 
concluded that the best course of action is to place the Company into 
administration. Accordingly, on 12 March 2010, Antony Nygate and Shay Bannon of 
BDO LLP (the "Administrators") were appointed as administrators to the Company 
and were also appointed as administrators of a number of the Company's 
subsidiaries. Brewin Dolphin has resigned as the Company's nominated adviser and 
broker with immediate effect. Under the AIM Rules, if within one month of this 
resignation, the Company has failed to appoint a replacement Nominated Adviser, 
the admission of its shares to trading on AIM will be cancelled. 
Immediately following their appointment, and following on from an extensive 
marketing process, the Administrators sold the business and assets of Hexagon 
and the business and assets of a number of Hexagon's subsidiaries to the 
Company's management team. 
 
For further enquiries: 
Gemma Spekes - BDO LLP. - 020 7893 3299. 
ENDS 
 
 
This information is provided by RNS 
            The company news service from the London Stock Exchange 
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