21st Oct 2013 17:30
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
Related Shares:
RAM.L