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| Share Name | Share Symbol | Market | Type | Share ISIN | Share Description |
|---|---|---|---|---|---|
| Venue Sol | LSE:VSH | London | Ordinary Share | GB00B0T4GP95 | ORD 2P |
| Price Change | % Change | Share Price | Bid Price | Offer Price | High Price | Low Price | Open Price | Shares Traded | Last Trade | |
|---|---|---|---|---|---|---|---|---|---|---|
| 0.00 | 0.00% | 0.525 | 0.00 | 01:00:00 |
| Industry Sector | Turnover | Profit | EPS - Basic | PE Ratio | Market Cap |
|---|---|---|---|---|---|
| 0 | 0 | N/A | 0 |
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TIDMVSH
RNS Number : 1914A
Venue Solutions Holdings PLC
02 October 2009
2 October 2009
Venue Solutions Holdings plc
("VSH" or the "Company")
Further re. Subsidiary
In an announcement on 23 June 2009 the Company disclosed that an application to
the Essex Superior Court for the Commonwealth of Massachusetts for the
receivership of YourDay Inc had been overturned and that the application had
been dissolved.
Since this time the Company has received further notification that on 29
September 2009 the original petitioners of the receivership have filed an
emergency motion to renew the appointment of a receiver to YourDay Inc.
The Company, which has a 74 per cent. interest in YourDay Inc and the majority
of the board seats, believes that this initiative is against the interests of
shareholders and will result in unnecessary costs which consequently impacts on
shareholder value.
The Company is consulting with its legal counsel and intends to take all
appropriate steps to ensure that a receiver is not appointed to YourDay Inc. A
further announcement will be made in due course.
Further enquiries:
+---------------------------------------------+-----------------------------------+
| Venue Solutions Holdings plc | |
+---------------------------------------------+-----------------------------------+
| Oliver Iny / Stephen Thomson | Haggie Financial: Tel: 020 7417 |
| | 8989 |
+---------------------------------------------+-----------------------------------+
| | |
+---------------------------------------------+-----------------------------------+
| John East & Partners Limited, a subsidiary of Merchant Securities PLC |
+---------------------------------------------------------------------------------+
| David Worlidge / Simon Clements | Tel: 020 7628 2200 |
+---------------------------------------------+-----------------------------------+
| | |
+---------------------------------------------+-----------------------------------+
| Haggie Financial LLP | |
+---------------------------------------------+-----------------------------------+
| Nicholas Nelson/Kathy Boate | Tel: 020 7417 8989 |
+---------------------------------------------+-----------------------------------+
This information is provided by RNS
The company news service from the London Stock Exchange
END
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