RAM Active Media PLC Statement re Ram Vision Ltd. (0271R)
October 21 2013 - 12:30PM
UK Regulatory
TIDMRAM
RNS Number : 0271R
RAM Active Media PLC
21 October 2013
RAM ACTIVE MEDIA PLC ("RAM" or the "Company")
Update regarding RAM Vision: Notice of intention to appoint
administrator
Following the announcement made and the suspension of the
Company's shares on 4 September 2013, the board of RAM announces
that it has been informed that the board of RAM Vision Ltd., its
wholly owned subsidiary, has today filed at court an intention to
appoint an administrator. The appointment of an administrator for
RAM Vision Ltd. would have no immediate effect on the solvency of
the Company but would remove its main trading subsidiary while
leaving the RAM Interactive activities and its 30% shareholding in
the TrainFX joint venture with the Company.
Whilst the board of RAM Vision Ltd. continues to pursue options
for it to continue as a going concern, if none becomes available in
the next ten days the appointment of an administrator will become
effective.
Shares in the Company will continue to be suspended from trading
on AIM until further notice.
RAM Active Media plc
David Binding (Chairman) 07866 809 109
Libertas Capital Corporate Finance Limited
Sandy Jamieson, Thilo Hoffmann 0207 569 9650
This information is provided by RNS
The company news service from the London Stock Exchange
END
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