RNS Number : 3561V
Venue Solutions Holdings PLC
08 July 2009
Venue Solutions Holdings PLC (the 'Company')
Re: Company Voluntary Arrangement
Further to the announcement on 23 June 2009 regarding the Company's Corporate Restructuring and Company Voluntary Arrangement ('CVA'), at yesterday's meetings, separately of creditors and shareholders of the Company, approval was given to the proposed CVA with all proposals of the arrangement accepted.
Accordingly the Company will now proceed with the CVA and will notify shareholders again on completion of this arrangement.
Oliver Iny, Chief Executive, commented:
'The CVA is one of a range of measures designed to place the Company on solid footing. This follows from our success in winning the case to overturn the bankruptcy of YourDay Inc, which finally puts us in control of the company and its technology.
'Further measures are in train to augment the commercial merits of Venue Solutions. The shares are still suspended. Further details will be announced when we have finalised these additional short term plans.'
8 July 2009
Oliver Iny, Chief Executive +44 (0) 207 417 8989 (Haggie Financial)
Haggie Financial LLP +44 (0) 207 417 8989
Nicholas Nelson/Kathy Boate Nicholas.firstname.lastname@example.org
Arden Partner plc +44 (0) 20 7398 1600
Richard Day / Adrian Trimmings
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