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| Share Name | Share Symbol | Market | Type | Share ISIN | Share Description |
|---|---|---|---|---|---|
| Eurodis Elect. | LSE:ELH | London | Ordinary Share | GB0003100772 | 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% | 0.95 | 0.00 | 01:00:00 |
| Industry Sector | Turnover | Profit | EPS - Basic | PE Ratio | Market Cap |
|---|---|---|---|---|---|
| 0 | 0 | N/A | 0 |
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RNS Number:6293P
Eurodis Electron PLC
02 August 2005
2 August 2005
EURODIS ELECTRON PLC
("Eurodis Electron" or "the Company")
Update re: Administration
On 15 July 2005 Neville Barry Kahn and Nicholas Guy Edwards (of Deloitte &
Touche LLP) were appointed as joint administrators of Eurodis Electron PLC.
The following subsidiaries in the Eurodis Electron group have also been placed
into administration, with the persons shown in the table below acting as their
joint administrators (the "Administrators").
Subsidiary Administrators Date of Appointment
Eurodis Electronics plc Neville Barry Kahn and 15 July 2005
Nicholas Guy Edwards
Eurodis Information Systems Limited Neville Barry Kahn, 26 July 2005
Nicholas Guy Edwards and
Nicholas James Dargan
Eurodis Electronics UK Limited Neville Barry Kahn, 26 July 2005
Nicholas Guy Edwards and
Nicholas James Dargan
Eurodis Electron Holding BV Neville Barry Kahn, 26 July 2005
Nicholas Guy Edwards and
Nicholas James Dargan
Eurodis Distribution Services BV Neville Barry Kahn, 26 July 2005
Nicholas Guy Edwards and
Nicholas James Dargan
Eurodis Texim Electronics BV Neville Barry Kahn, 26 July 2005
Nicholas Guy Edwards and
Nicholas James Dargan
Eurodis Texim Electronics SA Neville Barry Kahn, 26 July 2005
Nicholas Guy Edwards and
Nicholas James Dargan
Since the date of their appointment the Administrators have been seeking to
achieve either sales of the companies in the Eurodis Electron group or sales of
the businesses and assets under their control.
The Administrators are hopeful that the disposals of either the companies or the
businesses and assets will be concluded satisfactorily in due course. However,
given the level of debt across the Eurodis Electron group, the Administrators do
not anticipate, at present, that there will be a return to Eurodis Electron
shareholders.
In light of this situation, there is no current intention to request that the
suspension of shares of Eurodis Electron PLC from listing on the Official List
and trading on The London Stock Exchange be lifted.
- ends -
Enquiries:
Financial Dynamics, Tel: 020 7831 3113
Jonathon Brill/Caroline Stewart
This information is provided by RNS
The company news service from the London Stock Exchange
END
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