Dow Jones received a payment from EQS/DGAP to publish this press release.

 
 
 Fairpoint Group plc (FRP) 
Fairpoint Group plc: Disposal of Subsidiary 
 
01-Sep-2017 / 16:01 GMT/BST 
Dissemination of a Regulatory Announcement, transmitted by EQS Group. 
The issuer is solely responsible for the content of this announcement. 
 
                            Fairpoint Group PLC 
 
                        ("Fairpoint" or "the Group") 
 
                           Disposal of Subsidiary 
 
 Fairpoint Group plc (in administration) ('Group') announces the sale of the 
entire issued share capital of its wholly owned subsidiary, Allixium Limited 
                                             ('Allixium') to Barkol Limited. 
 
 The sale has been overseen by Group's Joint Administrators, Lindsey Cooper, 
  Gareth Harris and Alexander Kinninmonth of RSM Restructuring Advisory LLP. 
 
The relevant business address of RSM Restructuring Advisory LLP is 3 Hardman 
                                                  Street, Manchester M3 3HF. 
 
 Allixium is a claims management company specialising in consumer claims. As 
                 at 31 December 2015, Allixium had gross assets of GBP740,239. 
 
 The consideration comprised a cash payment of GBP52,841.12, which was paid on 
completion of the disposal. The consideration will form part of the proceeds 
  available for distribution by the Joint Administrators to the creditors of 
                                                                      Group. 
 
For enquiries please contact 
 
RSM Restructuring Advisory LLP 
 
Gemma Moorhouse gemma.moorhouse@rsmuk.com 
 
0113 285 5000 
 
Language:      English 
ISIN:          GB0032360280 
Category Code: DIS 
TIDM:          FRP 
Sequence No.:  4588 
 
End of Announcement EQS News Service 
 
606379 01-Sep-2017

(END) Dow Jones Newswires

September 04, 2017 06:33 ET (10:33 GMT)

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