RAM Active Media PLC Statement re RAM Vision Ltd. update (5755T)
November 20 2013 - 12:57PM
UK Regulatory
TIDMRAM
RNS Number : 5755T
RAM Active Media PLC
20 November 2013
RAM ACTIVE MEDIA PLC
("RAM" or the "Company")
Update regarding RAM Vision: Appointment of administrator
Further to the announcement made on 21 October 2013, the Board
of RAM announces that an administrator was appointed to its
subsidiary RAM Vision Limited on 15 November 2013. There is no
recourse back to the Company in relation to any of the liabilities
of RAM Vision Limited. The Company's assets now comprise its RAM
Interactive activities, its 30% shareholding in the TrainFX joint
venture and its holding of 25,643,012 ordinary shares in Alpha
Prospects plc.
The Board is reviewing the alternatives available to the Company
and further announcements will be made in due course. In the
meantime, the Shares in the Company will continue to be suspended
from trading on AIM until further notice.
For further information please contact:
RAM Active Media plc
Richard Prosser (CEO), David Binding (Chairman) 0845 154 0222
Libertas Capital Corporate Finance Limited
Sandy Jamieson, Thilo Hoffmann 0203 697 9499
This information is provided by RNS
The company news service from the London Stock Exchange
END
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