Appointment of Administrator and Resignation of Nomad and Broker
15/09/2008 3:15pm
UK Regulatory
CONSOLIDATED VENDING PLC
("Consolidated Vending" or the "Company")
Appointment of Administrator and Resignation of Nomad and Broker
15th September 2008
The Company announces that following unsuccessful negotiations to sell the
Company or its assets, the Board of Consolidated Vending has provisionally
agreed to appoint Tenon Recovery as Administrators under the terms of the
Insolvency Act 1986. The Board has taken this decision as it does not believe
it will be able to pay certain liabilities as they become due.
Blomfield Corporate Finance Limited has informed the Company that it has
resigned as Nominated Adviser with immediate effect.
SVS Securities plc has informed the Company that it has resigned as Broker with
immediate effect.
The Company's shares are suspended from trading on AIM with immediate effect.
If no replacement Nominated Adviser is appointed within one month admission of
the Company's shares to trading on AIM will be cancelled.
Enquiries:
Consolidated Vending
Andrew Coll
Chief Executive Officer
01494 513927
Tenon Recovery
Trevor Binyon
Director
0207 258 8922