PLM Plasmon

    RNS Number : 2977F
  Plasmon PLC
  07 October 2008
   

    7 October 2008


    Plasmon PLC
    ("Plasmon" or the "Company")

    Appointment of Administrators

    Further to the announcement on 29 September 2008 that Plasmon had suspended the listing of the ordinary shares on the Official List of
the FSA Peter Holder, Simon Freakley and Stuart Mackellar of Kroll's Corporate Advisory and Restructuring Group have been appointed as Joint
Administrators on 6 October 2008.

    The Administrators are continuing to trade the Company's UK and European sales and marketing division alongside the continuing operation
of the Company's US subsidiary, Plasmon Inc. This enables the ongoing sale and support of Plasmon products worldwide whilst a going concern
sale of the business is explored.  The Administrators are presently in discussions with a number of interested parties and are hopeful that
a sale of the remaining business can be achieved in a relatively short time frame.

    The Administrators do not believe that there is likely to be any value realised for Plasmon shareholders.

    Contacts:
    For all Administration media enquiries, please contact Hill & Knowlton: Sarah Turner or George Godsal on 0207 413 3232. 
    krollpressoffice@hillandknowlton.com





This information is provided by RNS
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