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| Share Name | Share Symbol | Market | Type | Share ISIN | Share Description |
|---|---|---|---|---|---|
| Vantis | LSE:VTS | London | Ordinary Share | GB0031464620 | 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% | 10.25 | 0.00 | 00:00:00 |
| Industry Sector | Turnover | Profit | EPS - Basic | PE Ratio | Market Cap |
|---|---|---|---|---|---|
| 0 | 0 | N/A | 0 |
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RNS Number : 4727O
Vantis PLC
29 June 2010
+----------------------------+-------------------------------+
| | 29 June 2010 |
+----------------------------+-------------------------------+
VANTIS PLC
("Vantis" or "the Group")
Appointment of Administrators
Resignation of NOMAD
The Board of Vantis announces that it has appointed administrators to the Group
with immediate effect.
The directors have vigorously explored every available option to reduce the
level of debt in the Group. However, given the lack of progress to date with
these options and the Group's ongoing funding requirements, the Board has today
appointed Chad Griffin and Simon Granger of FTI Consulting as Joint
Administrators of the Group.
The Board also announces that Investec Investment Banking has today resigned as
the Group's NOMAD and accordingly, under Rule 1 of the AIM Rules for Companies,
if the Group has not appointed a new NOMAD by 7.00 a.m. on 30 July 2010 the
admission of the Group's ordinary shares to trading on AIM will be cancelled.
The Board has no current intention to appoint a new NOMAD.
Enquiries:
+--------------------------------+--------------------------+
| Vantis plc | +44 20 7417 0417 |
+--------------------------------+--------------------------+
| Steve Smith | |
+--------------------------------+--------------------------+
| | |
+--------------------------------+--------------------------+
| Investec Investment Banking | +44 20 7597 5970 |
+--------------------------------+--------------------------+
| Martin Smith | |
+--------------------------------+--------------------------+
| | |
+--------------------------------+--------------------------+
This information is provided by RNS
The company news service from the London Stock Exchange
END
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