Restructure Proposals
12 Dezember 2008 - 8:00AM
UK Regulatory
The Weather Lottery PLC
("TWL" or the "Company")
Group Restructuring & Liquidation of Subsidiary
12 December 2008
It is with regret that the Company has today taken steps to put one of its
subsidiaries, Lottery Service Providers Limited, into liquidation.
Unfortunately, due to the current economic situation, the Company has been
unsuccessful in sourcing new working capital, and this restructuring will enable
the business to continue via another wholly owned subsidiary, while reducing the
level of current liabilities.
Enquiries:
The Weather Lottery PLC 0113 275 0002
Keith Milhench
Website www.theweatherlottery.com
SVS Securities 020 7638 5600
Ian Callaway/Peter Manfield
Blomfield Corporate Finance Ltd 020 7489 4500
Nick Harriss
-END-
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