Appointment of Administrators

 

TIDMPNB 
 
RNS Number : 8257D 
Pubs 'n' Bars PLC 
09 December 2009 
 
Pubs 'n' Bars plc 
 
(AIM: PNB) 
 
("Pubs 'n' Bars" or "the Group") 
 
Appointment of Administrators 
On 4 December 2009, the Group announced that it had requested a suspension of 
trading of its shares with immediate effect pending clarification of the Group's 
financial position. 
The Board has continued to explore options to address the Group's funding 
requirement, including continued discussions with its Bank and existing 
shareholders. Despite making a proposal to the Bank, it has not been prepared to 
provide additional funding to the Group to enable it to continue to trade. 
It is therefore with deep regret that the Board announces that the Group has 
been advised that it has been placed into Administration with David Thurgood, 
Trevor O'Sullivan and Nick Wood of Grant Thornton UK LLP being appointed as 
Administrators of the Group with immediate effect. 
The Group also announces that it has today been notified of the resignation of 
the Group's Nominated Adviser and Broker with immediate effect. If, within one 
month of the Group ceasing to have a Nominated Adviser the Group has failed to 
appoint a replacement, the trading of its securities on AIM will be cancelled at 
7.00am on 9 January 2010. 
=-END-- 
Enquiries: 
 
 
Mel Belligero, Chief Executive 
Pubs 'n' Bars plc                              `             Tel: [phone] 
Paul Shackleton/Stewart Dickson 
Daniel Stewart & Company plc                      Tel: [phone] 
 
This information is provided by RNS 
            The company news service from the London Stock Exchange 
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