Catalis administration

RNS Number : 2522O

RTC Group PLC

25 June 2010

 



RTC Group plc (the "Group")

Catalis administration

RTC Group plc has today put its Training subsidiary Catalis Limited into administration. Although restructuring in 2009 brought the business close to breakeven in the first quarter of 2010, significant revenue shortfalls in the second quarter and the uncertainty over future industry spend on rail training has led to this action being taken. The Group had explored a wide range of options in respect of the Catalis business prior to taking this action.

All other Group companies continue to trade as normal.

25 June 2010

Enquiries:

RTC Group Plc - Tel: [phone]

Bill Douie, Executive Chairman

Evolution Securities Limited - Tel: [phone]

Jeremy Ellis / Chris Clarke

 

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