Information  X 
Enter a valid email address

Henderson Morley PLC (HML)

  Print      Mail a friend

Tuesday 21 September, 2010

Henderson Morley PLC

Disposal of Assets

RNS Number : 0753T
Henderson Morley PLC
21 September 2010
 



21 September 2010

HENDERSON MORLEY PLC

("Henderson Morley" or the "Company")

(AIM: HML)

DISPOSAL OF ASSETS

The Administrators of the Company, Craig James Povey, Kevin Anthony Murphy, Kenneth William Touhey of Chantry Vellacott DFK, have reported that the assets of the Company and Henderson Morley Research & Development Limited, including Patents, laboratory equipment, office equipment and furniture, were sold following their appointment on 8 September to Dawnglow Limited, a company of which Andrew Knight and Ian Pardoe are directors and shareholders. Andrew Knight and Ian Pardoe are former directors of Henderson Morley plc.

 

The consideration for the sale was £105,000 for the Patents and £15,000 for the laboratory equipment, office equipment and furniture. In addition, a further amount of consideration may be payable - this equates to 25% of any revenues generated in respect of the Patents in the first 12 months and 10% of any revenues in the following 6 months.

-END-

Enquires:

BREWIN DOLPHIN CORPORATE ADVISORY & BROKING          
N
eil Baldwin       0845 213 4726

 


This information is provided by RNS
The company news service from the London Stock Exchange
 
END
 
 
DISPGUPUBUPUGMG

a d v e r t i s e m e n t