Appointment of Administrators
29 Juni 2007 - 4:30PM
UK Regulatory
RNS Number:3412Z
Debt Advisor Group (The) PLC
29 June 2007
THE DEBT ADVISOR GROUP PLC
('the Company')
APPOINTMENT OF ADMINISTRATORS
The Company announces that Russell Cash and Michael Horrocks of Pricewaterhouse
Coopers LLP have today been appointed joint administrators of The Debt Advisor
Group plc.
On 7 June 2007, the Company announced it had engaged the services of an
insolvency practitioner to advise the Company and the Company's ordinary shares
of 0.5p each were suspended from trading on AIM.
Different options have been explored including a thorough attempt to sell the
Company as a going concern. This has been unsuccessful. It is therefore with
much regret that the directors are taking this course of action.
For Further information:
The Debt Advisor Group plc
Mike Sutcliffe 0870 950 0000
WH Ireland Ltd
David Youngman 0161 832 2174
This information is provided by RNS
The company news service from the London Stock Exchange
END
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