25th Jun 2010 10:57
RTC Group plc (the "Group")
Catalis administration
RTC Group plc has today put its Training subsidiary Catalis Limited into administration. Although restructuring in 2009 brought the business close to breakeven in the first quarter of 2010, significant revenue shortfalls in the second quarter and the uncertainty over future industry spend on rail training has led to this action being taken. The Group had explored a wide range of options in respect of the Catalis business prior to taking this action.
All other Group companies continue to trade as normal.
25 June 2010
Enquiries:
RTC Group Plc - Tel: 01332 861 835
Bill Douie, Executive Chairman
Evolution Securities Limited - Tel: 0207 071 4300
Jeremy Ellis / Chris Clarke
Related Shares:
Rtc Grp.