Appointment of Administrator


 

TIDMWKT 
 
RNS Number : 9766Q 
Walker (Thomas) PLC 
22 April 2009 
 

THOMAS WALKER PLC 
 
 
Appointment of administrators 
 
 
Thomas Walker PLC ("Thomas Walker" or the "Company") announced on 3 April 2009 
that its Directors had concluded that the Company was unlikely to be able to 
raise the additional finance which the Board had been seeking in order to 
implement a restructuring plan, and that the Company was in discussions with its 
bankers as to the options which might still be available to the Group. 
 
 
These discussions have been completed and, given the ongoing deterioration of 
the economic climate, the Directors believe that the Group is now no longer in a 
position to continue to trade as a going concern.  Mr Kim Rayment and Ms Joanne 
Wright of BDO Stoy Hayward LLP have accordingly been appointed today to act as 
administrator to the Company and to its UK subsidiaries. 
The Company also announces that it has today been notified by Arden Partners 
plc of its resignation as nominated adviser and broker to the Company with 
immediate effect 
In the event that an alternative nominated adviser is not appointed on or before 
7.00 a.m. on 23 May 2009 then, in accordance with Rule 1 of the AIM Rules for 
Companies, the admission of the Company's ordinary shares to trading on AIM will 
be cancelled. 
Enquiries: 
Kim Rayment 
Administrator 
Tel: 0121 352 6216 
 
 
 
 
Colin Smith 
Arden Partners plc 
Tel: 0121 423 8940 
 
 
 
 
 
 
 
This information is provided by RNS 
            The company news service from the London Stock Exchange 
   END 
 
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Thomas Walker Plc (LSE:WKT)
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