TIDMASG 
 
RNS Number : 7801B 
ASG Media PLC 
02 November 2009 
 

02 November 2009 
 
 
ASG Media PLC ("ASG" or "the Company") 
 
 
(AIM:ASG) 
 
 
Appointment of Administrators 
The Board of ASG Group plc regrets to announce that, having carefully considered 
the financial position and strategic options of the Company, on 02 November 2009 
it appointed Antony Batty and Stephen Evans of Antony Batty & Company LLP to act 
as Joint Administrators of the Company with immediate effect. 
Since the announcement of suspension on 20 October 2009 the Board has continued 
to explore options to address the Company's working capital requirement. The 
Board has continued discussions with a number of parties including potential 
equity investors and existing shareholders up until last night. Until it became 
clear that further funding would not be forthcoming the directors were hopeful 
that funding would be secured. 
Furthermore the Board announces that Charles Stanley Securities ("Charles 
Stanley"), the Company's nominated adviser for the purposes of the AIM Rules for 
Companies ("AIM Rules"), has tendered its resignation as the Company's Nominated 
Adviser and Broker, with immediate effect. 
 
If ASG has failed to appoint a replacement Nominated Adviser by 03 December 
2009, the admission of the Company's shares to trading on AIM will be cancelled 
in accordance with Rule 1 of the AIM Rules. 
 
 
Enquiries: 
 
 
 
+-------------------------------------------+----------------------------+ 
| Antony Batty & Company LLP                | 020 7831 1234              | 
| Administrators                            |                            | 
| Antony Batty                              |                            | 
| Stephen Evans                             |                            | 
|                                           |                            | 
+-------------------------------------------+----------------------------+ 
| ASG Media plc                             | 020 7902 2345              | 
| Jamie Ball, Managing Director             |                            | 
| Gary Truman, Finance Director             |                            | 
|                                           |                            | 
+-------------------------------------------+----------------------------+ 
| Charles Stanley Securities                | 020 7149 6000              | 
| Nominated Adviser                         |                            | 
| Russell Cook / Freddy Crossley            |                            | 
|                                           |                            | 
+-------------------------------------------+----------------------------+ 
 
 
 
This information is provided by RNS 
            The company news service from the London Stock Exchange 
   END 
 
 MSCCKBKKNBDDFDK 
 

Asg Media (LSE:ASG)
Historical Stock Chart
From Apr 2024 to May 2024 Click Here for more Asg Media Charts.
Asg Media (LSE:ASG)
Historical Stock Chart
From May 2023 to May 2024 Click Here for more Asg Media Charts.