TIDMACR

RNS Number : 9458W

Abbeycrest PLC

07 February 2012

Abbeycrest plc

("Abbeycrest" or "the Group")

Appointment of Administrators

The board of Abbeycrest announces that following intensive discussions with the Group's new funder, Chrysus Holdco Ltd, it became evident that the only course of action available was for the board to place Abbeycrest into administration. The board has therefore appointed John Malcolm Titley and Andrew Poxon of Leonard Curtis as Joint Administrators of Abbeycrest pursuant to Schedule B1 of the Insolvency Act 1986.

A further announcement will be made in due course.

For further information, please contact:

 
 Abbeycrest plc                     Tel: 01707 255 000 
 Simon Ashton, Executive Chairman   http://www.abbeycrest.co.uk 
 Leonard Curtis                     Tel: 0161 767 1250 
 John Malcolm Titley / Andrew       1 North Parade 
  Poxon                              Parsonage Gardens 
                                     Manchester 
                                     M3 2NH

This information is provided by RNS

The company news service from the London Stock Exchange

END

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