Electronics Production |
Update on Eurodis Administration
The administrators have been seeking to achieve either sales of the companies in the Eurodis Electron group or sales of the businesses and assets under their control. The Administrators are hopeful that the disposals of either the companies or the businesses and assets will be concluded satisfactorily in due course.
However, given the level of debt across the Eurodis Electron group, the Administrators do not anticipate, at present, that there will be a return to Eurodis Electron shareholders.
In light of this situation, there is no current intention to request that the suspension of shares of Eurodis Electron PLC from listing on the Official List and trading on The London Stock Exchange be lifted.
On 15 July 2005 Neville Barry Kahn and Nicholas Guy Edwards (of Deloitte &
Touche LLP) were appointed as joint administrators of Eurodis Electron PLC.
The following subsidiaries in the Eurodis Electron group have also been placed into administration:
Subsidiary
Eurodis Electronics plc
Eurodis Information Systems Limited
Eurodis Electronics UK Limited
Eurodis Electron Holding BV
Eurodis Distribution Services BV
Eurodis Texim Electronics BV
Eurodis Texim Electronics SA