UV Modular Ltd

RNS Number : 6210F

AssetCo PLC

15 January 2010

 



January 15th 2010

UV Modular Ltd

AssetCo plc, (AIM : ASTO) the integrated support services business, announces today that its vehicle assembly business  UV Modular Limited (UVM) has been placed into Administration 

This action is in line with the statement made at the publication of the Groups interim results on 7th December 2009, that following a strategic review conducted earlier in the year it would seek to exit from its low margin businesses and focus on the further development of growth opportunities as a fully integrated support services company.

The trading at AssetCo plc remains in line to meet market expectations.  

Enquiries: 

AssetCo	Tel: [phone]
John Shannon, Chief Executive Officer
James Collins, Investor Relations
Pelham Public Relations	Tel: [phone]
Alex Walters
Francesca Tuckett
Arden Partners - NOMAD	Tel: [phone]
Richard Day
Adrian Trimmings

 

END

 

 

MSCBELFFBFFLBBB