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John Shannon dismissed by Asset Co.

By BFN News | 10:15 AM | Thursday 12 May, 2011

Asset Co. says that it has effected the resignation of John Shannon as a director of all group companies as a result of his conduct. Mr Shannon has also been summarily dismissed as an employee of the company. Tudor Davies has been appointed interim executive chairman. Asset Co. has been involved in a legal dispute with Mr Shannon. This dispute meant a delay in a plan to approve a placing and open offer to raise £16m. At 10:15am: (LON:ASTO) share price was -0.35p at 6.75p Story provided by

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