Appointment of Administrator


 

TIDMWKS 
 
RNS Number : 1253W 
Works Media Group (The) PLC 
12 November 2010 
 

 
12 November 2010 
 
 
 
 
                            THE WORKS MEDIA GROUP PLC 
 
                          APPOINTMENT OF ADMINISTRATORS 
 
 
Trading in the Company's shares on AIM was suspended on 1 October 2010 as a 
result of the Company's interim results, for the 6 month period ended 30 June 
2009, not being released within the required timeframe. 
 
The Company now announces that, following the Board's unsuccessful  efforts to 
raise further funding for the Group, Milcoz Films Limited, as the holder of a 
Qualifying Floating Charge over the Group's assets, appointed Peter Kubik and 
Andrew Andronikou of UHY Hacker Young LLP of 4 Thomas More Square, London E1W 
1YW as Joint Administrators on 11 November 2010. 
 
The Company's subsidiaries, The Works International Limited, The Works UK 
Distribution Limited and the Film Consortium Limited, which  are not the subject 
of the administration proceedings, continue to trade and are in the process of 
being acquired by the Company's major secured creditor. 
 
 
For more information please contact: 
 
 
UHY Hacker Young LLP 
Peter Kubik/ Andrew Andronikou +44 020 7216 4600 
 
Northland Capital Partners Limited 
Gavin Burnell/Rod Venables       +44 020 7492 4750 
 
 
 
 
 
 
 
 
 
 
 
 
 
This information is provided by RNS 
            The company news service from the London Stock Exchange 
   END 
 
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