2nd Feb 2006 16:05
Smart Approach Group PLC02 February 2006 SMART APPROACH GROUP PLC ("Smart Approach" or "the Company") Appointment of Administrator On 29 September 2005, the Company announced, inter alia, the suspension oftrading in the Company's shares on AIM and that they were seeking to identify astrategic investor to provide the financial certainty required to take thebusiness forward. Since that announcement, it has not been possible to securesuch an investor or an alternative source of funding. Accordingly, the board ofSmart Approach announces that it has today, by reason of the Company's financialposition, resolved to appoint Ian Green and Roger Marsh ofPricewaterhouseCoopers LLP to act as joint-administrators to the Company and itstrading subsidiary company. Pursuant to Rule 41 of the AIM Rules, the London Stock Exchange will cancel theadmission to trading of the Company's shares on AIM where they have beensuspended from trading for six months. Accordingly, it is expected that suchcancellation will take effect from 29 March 2006. Enquiries: Ian Green/Roger MarshPricewaterhouseCoopers LLPTel (0113) 289 4000 This information is provided by RNS The company news service from the London Stock ExchangeRelated Shares:
Science Group