Statement re TVAC
18 12월 2008 - 5:01PM
UK Regulatory
RNS Number : 3726K
AssetCo PLC
18 December 2008
18 December 2008
AssetCo plc
TVAC - The Vehicle Application Centre Limited ('TVAC')
Placed into administration
AssetCo plc, (AIM : ASTO) the integrated support services business, announces that the Board has concluded it's strategic review of TVAC
Ltd and due to continued losses there is no longer any prospect that TVAC, a wholly owned subsidiary, can operate as a going concern.
Accordingly, it has been placed into administration today.
This action should have no material adverse affect on the financial performance of AssetCo plc.
The Joint Administrators are John Charles Reid and William Kenneth Dawson of Deloitte LLP, Saltire Court, 20 Castle Terrace, Edinburgh
EH1 2DB
Enquiries:
AssetCo Tel: +44 (0) 20 8515 3999
Frank Flynn, Financial Director
James Collins, Investor Relations
RBS Hoare Govett Limited Tel: +44 (0) 20 7678 8000
Stephen Bowler
John MacGowan
Richard Crichton
Pelham PR Tel: +44 (0) 207743 76670
Alex Walters
Francesca Tuckett
This information is provided by RNS
The company news service from the London Stock Exchange
END
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