LONDON (Thomson Financial) - Optimistic Entertainment PLC said trading of
its shares on AIM has been suspended at its request pending clarification of its
financial position, and added that the company is being placed under
administration to enable restructuring of the group.
The media company said the administrators of its Optimistic Media Ltd and
The Optimistic Network Ltd units have agreed a sale of their assets to
Fluorescent Media Ltd, in which Optimistic's chairman and chief executive Jasper
Smith has a stake.
Optimistic said the discussions it held with potential investors or
purchasers for the past few months were not helpful to support a restructuring
of the group.
TFN.newsdesk@thomson.com
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