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Wednesday 05 May, 2010

Minorplanet Systems

Market Update

RNS Number : 3815L
Minorplanet Systems PLC
05 May 2010
 

 

Minorplanet Systems plc

 

5 May 2010

 

Minorplanet Systems plc ("Minorplanet" or the "Group")

 

Further to the announcement of 22 April 2010, Minorplanet has today obtained an adjournment of the court hearing to execute a winding up petition against the Group's UK trading subsidiary Minorplanet Limited to enable a sale of the UK business to be finalised.

 

Discussions remain ongoing and a further announcement will be made in due course.

 

The Board believes that the Group and its other subsidiaries have sufficient funds to meet their immediate financial obligations and can continue to trade during this process.

 

Minorplanet Systems plc                                         Tel:  0113 346 7777

Terry Donovan, Chief Executive                                 terry.donovan@minorplanet.com

Richard Hopkin, Finance Director                              richard.hopkin@minorplanet.com

                                                                                    www.minorplanet.com

 

Shore Capital & Corporate Ltd                               Tel:  020 7408 4090

Anita Ghanekar

Edward Mansfield

 

Rawlings Financial PR Limited                               Tel:  01653 618 018

Catriona Valentine                                                       catriona@rawlingsfinancial.co.uk

                                                                                    www.rawlingsfinancial.co.uk

 

 


This information is provided by RNS
The company news service from the London Stock Exchange
 
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