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Share Name | Share Symbol | Market | Type | Share ISIN | Share Description |
---|---|---|---|---|---|
Business Direct | LSE:BDG | London | Ordinary Share | GB00B02KK416 | 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% | 0.365 | 0.00 | 01:00:00 |
Industry Sector | Turnover | Profit | EPS - Basic | PE Ratio | Market Cap |
---|---|---|---|---|---|
0 | 0 | N/A | 0 |
RNS Number : 3896C Business Direct Group Plc 29 August 2008 Business Direct Group plc (AIM: BDG) Appointment of Administrators The Board of Business Direct Group plc ('Business Direct' or the 'Company') has today appointed David Gilbert and Kim Rayment of BDO Stoy Hayward LLP to act as Administrators of the Company. The Board of Business Direct has requested the London Stock Exchange to suspend trading in the Company's shares, and suspension will become effective at 7.00 am on Monday 1 September 2008. Further to the announcement on 30 July 2008 that the Board was seeking a sale of all or part of the Group to secure its long term funding, Business Direct announced on 20 August 2008 that expressions of interest had been received from various parties. However, it has now become apparent that the discussions with regard to the possible sale of parts of the business cannot be completed within a timeframe during which the Board believes the Company will have sufficient cash and borrowing facilities to continue trading. As a result, the Board of Business Direct has taken advice and has concluded that the Company is no longer in a position to continue its operations. The Administrators are currently negotiating to sell the business and assets of the Group. Enquiries: Business Direct Group plc 01788 821 200 Martin Wright (Chief Finance Officer) Arden Partners (NOMAD and Broker) Steve Douglas 0121 423 8943 Bankside Consultants Limited Charles Ponsonby 020 7367 8851 BDO Stoy Hayward Stephanie Aneto 020-7893 3073 This information is provided by RNS The company news service from the London Stock Exchange END MSCEAXPNAFNPEFE
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