Orderly wind down of Adventis Health

RNS Number : 4289O

Adventis Group PLC

19 September 2011

 



Adventis Group Plc ("ATG.L")

("Adventis" or the "Group")

Orderly wind down of Adventis Health

As a result of continuing losses incurred at Adventis Health, Adventis announces that following a strategic review, it has commenced an orderly wind down of the division's operations. It is expected that all 24 staff of Adventis Health will either be redeployed or made redundant on completion of their client projects over the next few months.

The orderly wind down will result in the impairment at the year-end of the remaining consolidation goodwill carried in respect of Adventis Health, amounting to approximately £1.0 million.

Further details will be set out in the Group's interim results that are scheduled to be released on 27 September 2011.

Enquiries:

Adventis Group Plc                            01494 731600

Nick Winks, Chairman

Andrew Pearson, Finance Director

Arbuthnot Securities Limited           020 7012 2000

Tom Griffiths

Rebecca Gordon

 

END

 

 

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