BETB Betbrokers

    RNS Number : 5965C
  Betbrokers PLC
  03 September 2008
   

    Betbrokers plc

    ("Betbrokers" or "the Company")

    Betbrokers plc placed into Administration

    Betbrokers plc, (AIM: BETB), announces that Betbrokers PLC , was placed into administration yesterday. 

    Until the administration of Betbrokers Limited is completed and/or the Company is able to effect a sale of Winning Edge, it is not
possible for this subsidiary to repay a loan to Betbrokers PLC. Therefore, with regret, the Directors of Betbrokers PLC were left no other
choice but to put the Company into Administration.

    - Ends -

    For further information, please contact:
 Betbrokers plc
 Wayne Lochner, Chairman and Chief Executive     Tel: +44 (0) 20 7127 9815
                                                       www.betbrokers.com 

    Media enquiries:
 Abchurch Communications
 Chris Lane               Tel: +44 (0) 20 7398 7700
                            www.abchurch-group.com 


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