Disposal Update
March 16 2009 - 10:53AM
UK Regulatory
TIDMCTNO
RNS Number : 9268O
Cantono PLC
16 March 2009
Cantono PLC ("Cantono" or the "Company")
16 March 2009
Disposal Update
The Board of Cantono notes Xploite plc's announcement of earlier today,
and confirms that following the disposal of the entire issued share capital of
Blue River Systems Limited to VBHG, a subsidiary of Xploite plc, announced on 27
November 2008, the deferred consideration which was contractually due on 15
March has not been received. Further, the Company has also not received monies
outstanding relating to the completion Balance Sheet differential post the
disposal of Blue River Systems Limited and other assets to VBHG, which was also
contractually due on 15 March.
A further announcement will be made in due course
For further information please contact:
Cantono PLC
Eamus Halpin, Chief Executive 01895 444 420
Brewin Dolphin Investment Banking
Neil Baldwin, Director 0845 270 8612
ENDS
This information is provided by RNS
The company news service from the London Stock Exchange
END
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