Statement re. Suspension

 

TIDMIPH 
 
RNS Number : 1286N 
Interactive Prospect TargetingHdgs 
11 February 2009 
 

 
 
 
 
Interactive Prospect Targeting Holdings Plc 
("IPH" or "the Group") 
 
 
Statement Regarding Suspension 
 
 
Interactive Prospect Targeting Holdings Plc (AIM:IPH) today announces the 
departure from the Group board, effective today, of Stephane Zittoun and 
suspension of trading of its shares on AIM. 
Since the Group's announcement of 29 September 2008, IPH has been working to 
restructure its activities. This has resulted in disposal of the Company's UK 
activities, as announced on 29 September and 11 November 2008, and the 
restructuring of the management and earn-out arrangements with one of its French 
subsidiaries, Directinet SA ("Directinet"), as announced on 17 November 2008. 
The Company has been negotiating with the original vendors of its other French 
business, NP6 SAS ("NP6"), in order to allow the Company to meet any earn-out 
obligations it may have in relation to the acquisition of NP6 within the 
financial constraints currently imposed on the Company. 
Negotiations with the vendors of NP6 continue but have not, so far, been 
productive. The vendors have launched a legal action in France against the 
intermediate holding company Direct Excellence Limited ("DEL") which, until it 
is resolved, leaves the board of IPH uncertain as to its future. The claim of 
the vendors is against DEL and the trading of the French subsidiaries is not 
affected by such litigation. 
Given this uncertainty, the Board has requested a suspension of trading of the 
Company's shares on AIM pending the clarification of the Company's financial 
position. A further announcement will be made in due course as appropriate. 
 
 
11 February 2009 
 
 
For further information: 
 
+-------------------------------------------+----------------------------+ 
| Canaccord Adams                           |                            | 
+-------------------------------------------+----------------------------+ 
| Eli Colby/Mark Williams, Nominated        | Tel: [phone]  | 
| Adviser                                   |                            | 
+-------------------------------------------+----------------------------+ 
| [e-mail]              | www.canaccordadams.com     | 
+-------------------------------------------+----------------------------+ 
|                                           |                            | 
+-------------------------------------------+----------------------------+ 
| Media enquiries:                          |                            | 
+-------------------------------------------+----------------------------+ 
| College Hill                              |                            | 
+-------------------------------------------+----------------------------+ 
| Mark Garraway                             | Tel: [phone]  | 
+-------------------------------------------+----------------------------+ 
| [e-mail]             |                            | 
+-------------------------------------------+----------------------------+ 
 
 
 
This information is provided by RNS 
            The company news service from the London Stock Exchange 
   END 
 
 SRSIIFLDFFILLIA