AssetCo plc Winding-up Petition Lifted


AssetCo plc ("the Company")
Winding-up Petition Lifted 

As previously announced, the Company has been subject to a winding up petition for some time. On 29 March 2011, the Company announced that another creditor had been substituted on to the winding-up petition, and that the new management team were determined to ensure full process and investigation of these calls for payment and the matter was adjourned for fuller determination.
At a Court hearing on 27 April 2011, agreement was reached with the substituting petitioner and supporting creditor and the petition was dismissed.

Richard Day
Arden Partners plc
+44 (0) 207 614 5917
Fiona Tooley
Citigate Dewe Rogerson
Office: +44 (0) 121 362 4035
Mobile: +44 (0) 7785 703 523 

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