AssetCo plc, (AIM : ASTO) the Integrated Support Services business, announces today that its vehicle assembly business UV Modular Limited (UVM) has been placed into Administration.
This action is in line with the statement made at the publication of the Groups' interim results on 7th December 2009, that following a strategic review conducted earlier in the year it would seek to exit from its low margin businesses and focus on the further development of growth opportunities as a fully Integrated Support Services company.
The trading of AssetCo plc remains in line to meet market expectations.
AssetCo Tel: +44 (0) 20 8515 3999
John Shannon, Chief Executive Officer
James Collins, Investor Relations
Pelham Public Relations Tel: +44 (0) 20 7337 1550
Arden Partners - NOMAD Tel: +44 (0) 20 7614 5932