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Share Name | Share Symbol | Market | Type | Share ISIN | Share Description |
---|---|---|---|---|---|
Woolworths | LSE:WLW | London | Ordinary Share | GB0030738610 | ORD 12.5P |
Price Change | % Change | Share Price | Bid Price | Offer Price | High Price | Low Price | Open Price | Shares Traded | Last Trade | |
---|---|---|---|---|---|---|---|---|---|---|
0.00 | 0.00% | 1.22 | 0.00 | 01:00:00 |
Industry Sector | Turnover | Profit | EPS - Basic | PE Ratio | Market Cap |
---|---|---|---|---|---|
0 | 0 | N/A | 0 |
TIDMWLW RNS Number : 8915L Woolworths Group PLC 19 January 2009 19 January 2009 Woolworths Group plc (the 'Company') The Company announces that the Board of directors has today made an application to the High Court that an order of administration be made in respect of the Company. As announced on 27 November 2008, the termination of the Company's discussions for the sale of its retail business led to the administration of its two major subsidiaries, Woolworths plc and Entertainment UK Ltd. Accordingly, Neville Kahn, Daniel Butters and Nicholas Dargan (the 'Joint Administrators') were appointed as joint administrators to both companies on that date. Since that date, the Company has remained outside of an insolvency process with the support of the Joint Administrators, its primary purpose to seek to maximise the amount received from the sale of its 40% interest in 2 Entertain Ltd. Whilst negotiations with BBC Worldwide for the sale of that interest continue, the directors have concluded that the Company is no longer in a position to pay its debts as they fall due and an application has been made to the High Court for an administration order to be made. It is expected that the application will be heard on 27 January 2008. In the meantime, the directors will continue their negotiations with BBC Worldwide and to take all steps appropriate in the interests of its creditors as a whole. 2 Entertain continues to trade profitably. A further announcement will be made in due course. For further information, contact; Susanna Voyle, Tulchan Communications 020 7353 4200 This information is provided by RNS The company news service from the London Stock Exchange END MSCBLGDBUXBGGCC
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