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Share Name | Share Symbol | Market | Type | Share ISIN | Share Description |
---|---|---|---|---|---|
Metrodome Grp. | LSE:MRM | London | Ordinary Share | GB0002937141 | 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 |
TIDMMRM
RNS Number : 2837Y
Metrodome Group PLC
28 February 2012
28 February 2012
Metrodome Group Plc
(the "Group")
Administration of Target Entertainment Ltd. ("Target")
The Board of Metrodome Group plc (the "Board") announces that it has taken the difficult decision that Metrodome can no longer continue to provide support to its loss making subsidiary Target. Given the tougher than expected trading conditions for Target, as highlighted in the trading update on 21 December 2011, the Board believes there is little prospect of Target returning to profitability in the near future and, together with its advisers, has conducted a thorough review of the available options for Target. As a consequence, the Target business has been placed into administration and BDO appointed as Administrators of Target with effect from 28th February 2012.
The Group's other profitable trading divisions, Metrodome Distribution and Hollywood Classics, are unaffected and continue to trade as normal.
For further information please visit www.metrodomegroup.com, or contact:
Metrodome Group plc Mark Webster / Deborah Brown Tel: 020 7535 7300 Charles Stanley Securities Dugald J. Carlean / Karri Vuori Tel: 020 7953 6000 Tavistock Communications John West / Simon Compton Tel: 020 7920 3150
This information is provided by RNS
The company news service from the London Stock Exchange
END
MSCUWVURUNAUUAR
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