7th Apr 2006 11:04
Premier Management Holdings PLC07 April 2006 7 April 2006 Premier Management Holdings Plc ("Company") Winding up of subsidiary undertaking The Company has received a High Court petition dated 5 April 2006 from HMRC forthe winding up of its non-trading subsidiary Sports Player Management Limited("SPM") under the provisions of the Insolvency Act 1986 relating to unpaidarrears of unpaid taxes dating back to the financial year ended 28 February2002. SPM ceased trading during the financial year ended 31 January 2005 and assuch the Company has decided not to contest the petition. The Company does notowe any money to SPM and has not guaranteed or otherwise underwritten any of itsdebts. Accordingly, the financial impact of the winding up of SPM on the Companyis not expected to be material. This information is provided by RNS The company news service from the London Stock ExchangeRelated Shares:
PXOG.L