All Points North Plc Appointment of Administrators (1562L)
August 31 2012 - 1:02AM
UK Regulatory
TIDMAPNO
RNS Number : 1562L
All Points North Plc
31 August 2012
All Points North plc
("All Points North" or "the Company")
Appointment of Administrators
On 16 March 2012, the Company's ordinary shares were suspended
from trading pending clarification of its financial position. On 28
May 2012, the Company announced that it had extended its banking
facilities to 30 September 2012 and continued to look at its
options to repay the facility, including the disposing of certain
properties within its portfolio.
Further to recent discussions and meetings, the Company's
bankers have unfortunately withdrawn their support. Following that
decision, the Company is unable to continue trading as a going
concern. Consequently, the Directors have appointed Paul Stanley
and Kenneth Wilson Pattullo of Begbies Traynor as administrators to
the Company.
The Directors will be working with the administrators to try and
ensure that the business is saved in part or as a whole.
The shares of the Company will cease to be quoted on Aim with
effect from 7am on 17 September 2012 being six months from the date
on which the shares were suspended.
A further announcement will be made as soon as possible.
For further information please contact:-
Keith Chadwick, All Points North plc Tel: 01768 865 959
Nick Cowles/Ross Andrews, Zeus Capital Limited Tel: 0161 831 1512
This information is provided by RNS
The company news service from the London Stock Exchange
END
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