IDD ID Data

    RNS Number : 9801G
  ID Data Group PLC
  29 October 2008
   

    29 October 2008

    ID Data Group plc

    ("ID Data")

    Appointment of Administrators at subsidiary

    ID Data Group plc (AIM: IDD), the smart card and card solutions group, today announces that, following its announcement on 16 October
2008 of the intention to appoint Administrators at its subsidiary company ID Data Limited, Malcolm Shierson and John Whitfield of Grant
Thornton have today been appointed Administrators of ID Data Limited.

    In light of the level of interest in ID Data Limited expressed by potential purchasers, it is expected that a satisfactory sale of the
company or its assets will be achieved in the near future. In the meantime ID Data Limited intends to continue to trade normally. It has
received considerable support from its customers with substantial new orders and enquiries being received.  

    Further developments will be announced in due course.

    Trading in ID Data's shares on AIM remains suspended.


    -Ends-

    For further information, please contact:

    ID Data Group plc
    Peter Cox, Chief Executive
    peter.cox@iddata.com 
    Tel: +44 (0) 1730 235700

    Smith & Williamson Corporate Finance Limited
    Azhic Basirov / David Jones
    Tel: +44 (0) 20 7131 4000

    Grant Thornton
    Malcolm Shierson
    Tel: +44 (0) 20 7383 5100

    Media Enquiries
    Abchurch
    Chris Lane / Joanne Shears
    Joanne.Shears@abchurch-group.com
    Tel: +44 (0) 20 7398 7709



    About ID Data

    ID Data is a fully accredited Visa and MasterCard card producer and card processor with its high security bank card capabilities based
in Petersfield, England. The Company has won major acclaim for its deliverables in the touch and go payments sector, plus is one of the few
"Multos" issuing partners in the world, where it can develop and deliver multi application technology using the Multos platform.



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

Id Data (LSE:IDD)
Historical Stock Chart
From May 2024 to Jun 2024

Id Data (LSE:IDD)
Historical Stock Chart
From Jun 2023 to Jun 2024