PTL Patientline

    RNS Number : 9160Z
  Patientline PLC
  25 July 2008
   

    25 July 2008

    Patientline plc (in administration)
(the Company)
    Appointment of joint administrators 
Cancellation of listing

    The Company announced earlier today that it had instructed its lawyers to file a notice of intention to appoint administrators over the
Company and its shares were subsequently suspended.
    The directors of the Company have appointed today as joint administrators of the Company, pursuant to paragraph 22 of Schedule B1 to the
Insolvency Act 1986, Nicholas James Dargan and Nicholas Guy Edwards both of Deloitte & Touche LLP (Joint Administrators).  
    A request has been made to the UK Listing Authority that the listing of the Company's ordinary shares on the Official List of the UK
Listing Authority and the admission of its ordinary shares to trading on the main market for listed securities of the London Stock Exchange
plc be cancelled. These cancellations are expected to take effect at 8.00 a.m. on Monday 28 July 2008.
    The Company acting by the Joint Administrators has entered into a share purchase agreement and has sold the Company's subsidiary
Patientline UK Limited to a newly incorporated company Hospedia Limited.
    Shareholders should note that no value will be attributable to ordinary shares following the sale of Patientline UK Limited.
    Enquiries in relation to the administration of Patientline PLC should be addressed to Jamie Harley on 020 7303 4820, or Vimala Camadoo
on 020 7007 5098.


This information is provided by RNS
The company news service from the London Stock Exchange
 
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