Appointment of Administrator over Direct Subsid...

Fairpoint Group plc (FRP) Fairpoint Group plc: Appointment of Administrator over Direct Subsidiary 01-Sep-2017 / 16:02 GMT/BST Dissemination of a Regulatory Announcement, transmitted by EQS Group. The issuer is solely responsible for the content of this announcement. Fairpoint Group PLC ("Fairpoint" or "the Group") Appointment of Administrator over Direct Subsidiary       Fairpoint Group plc (in administration) ('Group') announces that Lindsey Cooper, Christopher Ratten and Alexander Kinninmonth of RSM Restructuring Advisory LLP have been appointed as Joint Administrators over its direct subsidiary, Debt Free Direct Limited ('DFD').   The relevant business address of RSM Restructuring Advisory LLP is 3 Hardman Street, Manchester M3 3HF.   The business and certain assets of DFD have been sold to Aperture Debt Solutions LLP.   DFD is an ICAEW regulated insolvency practice specialising in consumer Individual Voluntary Arrangements.  As at 31 December 2015, DFD had gross assets of £37,474,690.   The consideration comprised a cash payment of £1,344,792, which was paid on completion of the disposal. The consideration will form part of the proceeds available for distribution by the Joint Administrators to the creditors of DFD.   For enquiries please contact   RSM Restructuring Advisory LLP Gemma Moorhouse  [e-mail]       0113 285 5000 Â

Language:	English
ISIN:	GB0032360280
Category Code:	MSCM
TIDM:	FRP
Sequence No.:	4589

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End of Announcement	EQS News Service

606381  01-Sep-2017