Update re: Administration
22 4월 2004 - 11:25PM
UK Regulatory
RNS Number:9041X
Mayflower Corporation PLC
22 April 2004
The Mayflower Corporation PLC
Update re: Administration
On 31 March 2004, Nicholas Dargan and Nicholas Edwards (both of Deloitte &
Touche LLP) were appointed as Administrators of The Mayflower Corporation PLC.
Administrators (also of Deloitte & Touche LLP) have also been appointed to the
following Mayflower subsidiaries:
Subsidiary Administrators Date of Appointment
TransBus International Limited Nicholas Dargan 31 March 2004
John Reid
Mayflower Management Services Limited Nicholas Dargan 31 March 2004
Nicholas Edwards
Mayflower Vehicle Systems plc William Dawson 31 March 2004
Nicholas Dargan
Andrew Peters
Mayflower Energy Limited Nicholas Dargan 2 April 2004
Ian Brown
TransBus Fleet Management Limited Nicholas Dargan 7 April 2004
John Reid
Mayflower Energy Holdings Limited Nicholas Dargan 21 April 2004
Ian Brown
Since the date of their appointment the Administrators have been seeking to
achieve either sales of the companies in the Mayflower group or sales of the
businesses and assets under their control.
The Administrators are optimistic that the disposals of either the companies or
the businesses and assets will be concluded satisfactorily. However, given the
level of debt across the Mayflower group, the Administrators do not anticipate
that there will be a return to The Mayflower Corporation Plc shareholders.
In light of this situation, there is no current intention to request that the
suspension of shares of The Mayflower Corporation PLC from listing on the
Official List and trading on the London Stock Exchange be lifted.
This information is provided by RNS
The company news service from the London Stock Exchange
END
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