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AssetCo FD resigns amid financing discussions

By BFN News | 12:29 PM | Wednesday 18 May, 2011


AssetCo has announced the departure of Scott Brown, Finance Director of the company, who resigned with effect from yesterday. Mr Brown's immediate duties and the finance structure is being managed day-to-day by a senior interim manager, who is reporting directly to Interim Chairman, Tudor Davies. Responsibility for all financial aspects concerning AssetCo and its group companies at the main board level is being assumed by Mr Davies. The Company says it is continuing to discuss various solutions to its financing issues, and in the meantime is continuing to trade satisfactorily. At 12:29pm: (LON:ASTO) share price was -0.58p at 4.15p Story provided by StockMarketWire.com

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