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| Share Name | Share Symbol | Market | Type | Share ISIN | Share Description |
|---|---|---|---|---|---|
| ID Data | LSE:IDD | London | Ordinary Share | GB0009778589 | 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% | 0.25 | 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 : 9801G
ID Data Group PLC
29 October 2008
29 October 2008
ID Data Group plc
("ID Data")
Appointment of Administrators at subsidiary
ID Data Group plc (AIM: IDD), the smart card and card solutions group, today announces that, following its announcement on 16 October
2008 of the intention to appoint Administrators at its subsidiary company ID Data Limited, Malcolm Shierson and John Whitfield of Grant
Thornton have today been appointed Administrators of ID Data Limited.
In light of the level of interest in ID Data Limited expressed by potential purchasers, it is expected that a satisfactory sale of the
company or its assets will be achieved in the near future. In the meantime ID Data Limited intends to continue to trade normally. It has
received considerable support from its customers with substantial new orders and enquiries being received.
Further developments will be announced in due course.
Trading in ID Data's shares on AIM remains suspended.
-Ends-
For further information, please contact:
ID Data Group plc
Peter Cox, Chief Executive
peter.cox@iddata.com
Tel: +44 (0) 1730 235700
Smith & Williamson Corporate Finance Limited
Azhic Basirov / David Jones
Tel: +44 (0) 20 7131 4000
Grant Thornton
Malcolm Shierson
Tel: +44 (0) 20 7383 5100
Media Enquiries
Abchurch
Chris Lane / Joanne Shears
Joanne.Shears@abchurch-group.com
Tel: +44 (0) 20 7398 7709
About ID Data
ID Data is a fully accredited Visa and MasterCard card producer and card processor with its high security bank card capabilities based
in Petersfield, England. The Company has won major acclaim for its deliverables in the touch and go payments sector, plus is one of the few
"Multos" issuing partners in the world, where it can develop and deliver multi application technology using the Multos platform.
This information is provided by RNS
The company news service from the London Stock Exchange
END
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