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Statement re Ram Vision Ltd.

21st Oct 2013 17:30

RNS Number : 0271R
RAM Active Media PLC
21 October 2013
 



 

 

 

RAM ACTIVE MEDIA PLC ("RAM" or the "Company")

 

Update regarding RAM Vision: Notice of intention to appoint administrator

 

Following the announcement made and the suspension of the Company's shares on 4 September 2013, the board of RAM announces that it has been informed that the board of RAM Vision Ltd., its wholly owned subsidiary, has today filed at court an intention to appoint an administrator. The appointment of an administrator for RAM Vision Ltd. would have no immediate effect on the solvency of the Company but would remove its main trading subsidiary while leaving the RAM Interactive activities and its 30% shareholding in the TrainFX joint venture with the Company.

Whilst the board of RAM Vision Ltd. continues to pursue options for it to continue as a going concern, if none becomes available in the next ten days the appointment of an administrator will become effective.

Shares in the Company will continue to be suspended from trading on AIM until further notice.

 

 

RAM Active Media plc

 

David Binding (Chairman) 07866 809 109

 

Libertas Capital Corporate Finance Limited

 

Sandy Jamieson, Thilo Hoffmann 0207 569 9650

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