Appointment of Administrator
January 17 2008 - 10:20AM
UK Regulatory
RNS Number:0302M
Compact Power Holdings PLC
17 January 2008
Compact Power Holdings plc (the "Company") announces that its two principal
operating subsidiaries, Compact Power Limited and BATNECC (Bristol) Limited were
yesterday placed into administration by a secured creditor of the Company and
its subsidiaries. This step has been taken following a demand by the secured
creditor for an immediate repayment of his secured debt which the Company has
been unable to comply with.
The administrator is Solomon Cohen of Pitman Cohen (telephone number: 020 8841
5252).
Trading in the Company's shares was suspended on 27 September 2008 pending
publication of the Company's accounts for the year ended 31 March 2007 and the
securing of further funding for the Company and a proposed new plant at
Avonmouth.
This information is provided by RNS
The company news service from the London Stock Exchange
END
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