Appointment of Administrator

 

TIDMEXP 
 
RNS Number : 8171L 
Expomedia Group PLC 
16 January 2009 
 

16 January 2009 
 
 
EXPOMEDIA GROUP PLC 
(AIM:EXP) 
 
 
("Expomedia" or "the Company") 
Appointment of Administrators 
 
 
The Board of Expomedia Group plc regrets to announce that, having carefully 
considered the financial position and strategic options of the Company, on 16 
January 2009 it appointed Paul Williams and Geoffrey Wayne Bouchier of MCR to 
act as Administrators (the 'Administrators') of the Company with immediate 
effect. 
On 10 November 2008 the Company announced that it had seen a significant 
reduction in its revenues. .Since the announcement the Board has vigorously 
explored options to address the Company's working capital requirement. The Board 
has been in discussions with a number of parties including potential equity 
investors, existing shareholders, the Company's bankers and key creditors. Until 
recently the directors were hopeful that funding would be secured. The Company 
has been unable to secure the required funding and it is with regret that the 
directors have decided today that the Company should be put into administration 
and has appointed the Administrators. 
=-ENDS-- 
 
 
Enquiries: 
 
 
+----------------------------------------------------+----------------------+ 
| MCR Corporate Restructuring                        |        020 7487 7240 | 
+----------------------------------------------------+----------------------+ 
| Paul Williams                                      | [e-mail] | 
+----------------------------------------------------+----------------------+ 
| Geoffrey Bouchier                                  |                      | 
+----------------------------------------------------+----------------------+ 
|                                                    |                      | 
+----------------------------------------------------+----------------------+ 
| Charles Stanley Securities                         |        020 7149 6000 | 
+----------------------------------------------------+----------------------+ 
| Mark Taylor / Ben Johnston                         |                      | 
+----------------------------------------------------+----------------------+ 
 
 
 
 
 
This information is provided by RNS 
            The company news service from the London Stock Exchange 
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