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Share Name | Share Symbol | Market | Type | Share ISIN | Share Description |
---|---|---|---|---|---|
Orbis | LSE:OBS | London | Ordinary Share | GB0033271601 | ORD 10P |
Price Change | % Change | Share Price | Bid Price | Offer Price | High Price | Low Price | Open Price | Shares Traded | Last Trade | |
---|---|---|---|---|---|---|---|---|---|---|
0.00 | 0.00% | 0.56 | 0.00 | 01:00:00 |
Industry Sector | Turnover | Profit | EPS - Basic | PE Ratio | Market Cap |
---|---|---|---|---|---|
0 | 0 | N/A | 0 |
RNS Number:4657L Orbis PLC 10 January 2008 Orbis Plc ("The Company") Appointment of an administrator In its announcement of 11 December 2007, the Directors of the Company stated that it continued to be in discussions regarding the possible sale of the Company and, separately, its financial restructuring. Further, it was stated that the Board considered it unlikely that either of these options would produce value for shareholders. The Company is no longer in discussions which may lead to an offer for the entire issued and to be issued share capital of the Company. In addition, it has not been possible to achieve a financial restructuring. As a consequence, the Directors have appointed Angela Swarbrick and Thomas Merchant Burton of Ernst & Young LLP as Joint Administrators of the Company. Accordingly, the Company has requested the London Stock Exchange to suspend trading on AIM of the ordinary shares of 10p each in the Company with immediate effect. Enquiries: Michael Holmes Chief Executive Officer 01895 465 500 David Simpson KPMG Corporate Finance - nominated adviser 020 7311 1000 KPMG Corporate Finance, a division of KPMG LLP which is authorised and regulated by the Financial Services Authority for investment business activities, is acting for the Company as nominated adviser in relation to the matters set out in this announcement and is not acting for any other person in relation to these matters. KPMG Corporate Finance will not be responsible to anyone other than the Company for providing the protections afforded to its clients or for providing advice in relation to the contents of this announcement. This information is provided by RNS The company news service from the London Stock Exchange END MSCFGGGMGLVGRZZ
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