Departure of Director
AssetCo plc ("AssetCo" or "the Company") announces the orderly transition in its finance area with 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 Tudor Davies, who qualified as an accountant and was formerly a partner with Arthur Young (now Ernst & Young).
The Company is continuing to discuss various solutions to its financing issues, and in the meantime is continuing to trade satisfactorily.
Tudor Davies: +44 (0) 207 614 5917
Arden Partners plc
Richard Day: +44 (0) 207 614 5917
Adrian Trimmings: +44 (0) 207 614 5920
Citigate Dewe Rogerson
Fiona Tooley: Office: +44 (0) 121 362 4035 / Mobile: +44 (0) 7785 703 523
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