TIDMNDH
RNS Number : 6999R
Network Data Holdings PLC
05 May 2009
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5 May 2009
NETWORK DATA HOLDINGS PLC
("Network Data" or the "Group")
Suspension announcement
The Board of Directors of Network Data announced on 26 March 2009 that the
Company was pursuing approaches for its mortgage broking businesses. The Board
confirms that an offer had been made by Lighthouse Group plc and accepted by the
Group for the mortgage broking businesses during the course of business last
week.
However, the offer required approval from the Group's bankers to proceed to
completion and this was not provided in time. The offer has now been withdrawn.
Given the uncertainty surrounding the Company's financial position in light of
the offer being withdrawn, the Board of Network Data has requested a temporary
suspension of trading in accordance with the AIM Rules.
The Board will continue to explore other possibilities for the Company.
Further announcements will be made in due course.
Enquiries:
Richard Griffiths
Chief Executive, Network Data Holdings
Tel: 01932 875 728
John Riddell
Noble & Company
Tel: 020 7763 2200
This information is provided by RNS
The company news service from the London Stock Exchange
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