NDH Network Data

    RNS Number : 6662G
  Network Data Holdings PLC
  24 October 2008
   


    24 October 2008


    NETWORK DATA HOLDINGS PLC

    ("Network Data" or the "Group")

    Notice of Extraordinary General Meeting



    NOTICE is hereby given that an extraordinary general meeting of the Group will be held at Botleys Mansion on 19 November 2008 at 10.00am
at which the following matter will be proposed:

    Section 142 Notice

    Following the recent publication of the half-year 2008 results, the Directors are aware that the net assets of the Group are less than
half of the Group's called-up share capital.

    It is a requirement pursuant to Section 142 of the Companies Act 1985, that an EGM should now be called to consider whether any, and if
so, what, steps should be taken to address the situation. 

    In response to press speculation regarding the sale of the Group's head office, the Board confirms that it has received and accepted an
offer of �5m for the property from an unrelated party. This offer may or may not lead to the sale of the property.



    Enquiries:

    Richard Griffiths
    Chief Executive, Network Data Holdings plc
    Tel: 01932 875 728

    John Riddell
    Noble & Company Limited
    Tel: 020 7763 2200


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