Cancellation of Listing
March 03 2009 - 10:18AM
UK Regulatory
TIDMLAN
RNS Number : 2421O
Land of Leather Holdings plc
03 March 2009
Land of Leather Holdings Plc (In Administration) {the "Company")
CANCELLATION
OF LISTING
On 12 January 2009 Lee Manning and Nicholas Edwards of Deloitte LLP were
appointed as the joint administrators (the "Joint Administrators") of the
Company and trading in the Company's ordinary shares of 10 pence each (the
"Shares") was suspended. Administrators have also been appointed over the
Company's main trading subsidiary, Land of Leather Limited.
The Joint Administrators of the Company now intend to apply to the Financial
Services Authority for the cancellation of the listing of the Shares on the
Official List (the "Listing Cancellation"). It is anticipated that the Listing
Cancellation will take effect tomorrow.
The Joint Administrators are working with the Company's management and continue
to hold talks with potential buyers for the business, however the Joint
Administrators do not expect to return any value to the Company's shareholders
out of the administration.
Any member who would like to receive a copy of the Administrators' proposals to
creditors should contact Elizabeth Ryan of Deloitte LLP on telephone number 0207
303 0318 or by email to eryan@deloitte.co.uk.
03 March 2009
for and on behalf of
Land of Leather Holdings plc (In administration)
by one
of its Joint Administrators
(acting as agent of Land of Leather Holdings plc
without personal liability)
The Joint Administrators have entered into and signed this letter as agents for
and on behalf of the Company and neither they, their firm or representatives
shall incur any personal liability whatsoever under or in relation to this
letter including (without limitation) in respect of any of the obligations
undertaken by the letter; or in respect of any failure on the part of the letter
to observe, perform or comply with any such obligations; or under or in relation
to any associated arrangements or negotiations; or under any document or
assurance made pursuant to this letter.
ENQUIRIES
For further information contact:
Land of Leather Limited (in Administration)
C/O Deloitte LLP
PO Box 810
66
Shoe Lane
London
EC4A3WA
This information is provided by RNS
The company news service from the London Stock Exchange
END
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