Room Service Group PLC
23 January 2003
Room Service plc
('Room Service' or 'the Company')
The board of Room Service Plc regrets to announce that, having considered all
the options immediately available to the Company, the decision has been taken
that it is in the best interests of shareholders for the directors of the
Company's principal trading subsidiary, Room Service (UK) Limited, to place Room
Service (UK) Limited in voluntary liquidation. David Rubin and Paul Appleton of
David Rubin & Partners were appointed as liquidators today by the shareholder of
Room Service (UK) Limited.
The Directors of the Company have been actively seeking additional funding for
the Company from a number of sources over the past four months. However, the
various discussions that the Company has been involved in have not resulted in
the deal anticipated by the Directors of Room Service. The volatile conditions
in the stock market and the associated effect this has had on the corporate
sector has resulted in a marked downturn in the Company's food delivery and
catering businesses over the last twelve months.
The board of Room Service have made every effort to find a suitable solution to
its funding requirements but regrettably without success.
The board of Room Service also announces that Alexander Duma, non-executive
chairman of the Company, has today tendered his resignation from the Company and
its subsidiaries and the board have accepted such resignation with immediate
effect.
This information is provided by RNS
The company news service from the London Stock Exchange
*A Private Investor is a recipient of the information who meets all of the conditions set out below, the recipient:
Obtains access to the information in a personal capacity;
Is not required to be regulated or supervised by a body concerned with the regulation or supervision of investment or financial services;
Is not currently registered or qualified as a professional securities trader or investment adviser with any national or state exchange, regulatory authority, professional association or recognised professional body;
Does not currently act in any capacity as an investment adviser, whether or not they have at some time been qualified to do so;
Uses the information solely in relation to the management of their personal funds and not as a trader to the public or for the investment of corporate funds;
Does not distribute, republish or otherwise provide any information or derived works to any third party in any manner or use or process information or derived works for any commercial purposes.
Please note, this site uses cookies. Some of the cookies are essential for parts of the site to operate and have already been set. You may delete and block all cookies from this site, but if you do, parts of the site may not work. To find out more about the cookies used on Investegate and how you can manage them, see our Privacy and Cookie Policy
To continue using Investegate, please confirm that you are a private investor as well as agreeing to our Privacy and Cookie Policy & Terms.