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IDO Idmos

3.00
0.00 (0.00%)
21 Jun 2024 - Closed
Delayed by 15 minutes
Share Name Share Symbol Market Type Share ISIN Share Description
Idmos LSE:IDO London Ordinary Share GB00B035JB54 ORD 5P
  Price Change % Change Share Price Bid Price Offer Price High Price Low Price Open Price Shares Traded Last Trade
  0.00 0.00% 3.00 0.00 01:00:00
Industry Sector Turnover Profit EPS - Basic PE Ratio Market Cap
0 0 N/A 0

Appointment of Administrator

16/04/2008 5:35pm

UK Regulatory


RNS Number:5048S
IDMoS plc
16 April 2008

                                                                16 April 2008

                                   IDMoS plc


   Offer talks terminated, appointment of Administrator, update on financial
position of the Company and resignation of Nomura Code Securities Limited as the
                          Company's nominated advisor

                 IDMoS plc (AIM: IDO) ('IDMoS' or the 'Company')

Further to the announcement by IDMoS on 8 February that it was contemplating a 
range of transactions including an offer for the entire share capital of the
Company  and the confirmation on 20 February that the Board were actively
pursuing all  opportunities including seeking buyers for the entire issued share
capital of the  Company, the Board of IDMoS confirms that the parties have been
unable to reach  agreement and that offer discussions have now been terminated.

As a result, the board has taken advice and no longer believes that the Company 
is in a position to continue its commercial operations.  Colin Dempster and
Andrew  Davison of Ernst & Young LLP, were today (April 16, 2008), appointed 
Joint Administrators of the Company and they will now seek to find a buyer for 
the business and assets including the Cariescan product and underlying
technology.

The Company's Nominated Advisor, Nomura Code Securities Limited has terminated
its existing contract with the Company, effective today.


For further information please call:

Press Enquiries
Dee Campbell, Ernst & Young LLP Media           0131 777 2382 / 07816 761 240
Relations

Interested Party Enquiries
Euan Campbell, Ernst & Young LLP                0141 626 5574 / 07917 174 022



                      This information is provided by RNS
            The company news service from the London Stock Exchange
END
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