Disposal of Assets


 

TIDMHML 
 
RNS Number : 0753T 
Henderson Morley PLC 
21 September 2010 
 

                                                               21 September 2010 
                              HENDERSON MORLEY PLC 
                      ("Henderson Morley" or the "Company") 
                                   (AIM: HML) 
                               DISPOSAL OF ASSETS 
The Administrators of the Company, Craig James Povey, Kevin Anthony Murphy, 
Kenneth William Touhey of Chantry Vellacott DFK, have reported that the assets 
of the Company and Henderson Morley Research & Development Limited, including 
Patents, laboratory equipment, office equipment and furniture, were sold 
following their appointment on 8 September to Dawnglow Limited, a company of 
which Andrew Knight and Ian Pardoe are directors and shareholders. Andrew Knight 
and Ian Pardoe are former directors of Henderson Morley plc. 
 
The consideration for the sale was GBP105,000 for the Patents and GBP15,000 for 
the laboratory equipment, office equipment and furniture. In addition, a further 
amount of consideration may be payable - this equates to 25% of any revenues 
generated in respect of the Patents in the first 12 months and 10% of any 
revenues in the following 6 months. 
                                      -END- 
Enquires: 
BREWIN DOLPHIN CORPORATE ADVISORY & BROKING 
 Neil Baldwin 
0845 213 4726 
 
 
This information is provided by RNS 
            The company news service from the London Stock Exchange 
   END 
 
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