Re Administration Order
15 Januar 2004 - 6:32PM
UK Regulatory
RNS Number:3017U
PNC Telecom PLC
15 January 2004
PNC Telecom plc
(the "Company")
Discharge of Administration Order
The Company announces that at today's Court hearing the administration order
over PNC Telecom plc was discharged. The administration order was discharged as
the liabilities of the Company have been mitigated to the extent that the
Company's solvency position has improved.
The Company also announces that John Peett and Ian Gray have resigned as
directors of the Company with immediate effect. Accordingly, the only current
director of the Company is Geremy Thomas. A new Board will be constituted in the
next few days and will meet to consider the future strategy of the Company. A
request for restoration of trading in the Company's ordinary shares on AIM is
then expected to be made.
This information is provided by RNS
The company news service from the London Stock Exchange
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