Administration of Target Entertainment Ltd (2837Y)

TIDMMRM

RNS Number : 2837Y

Metrodome Group PLC

28 February 2012

Metrodome Group Plc

(the "Group")

Administration of Target Entertainment Ltd. ("Target")

The Board of Metrodome Group plc (the "Board") announces that it has taken the difficult decision that Metrodome can no longer continue to provide support to its loss making subsidiary Target. Given the tougher than expected trading conditions for Target, as highlighted in the trading update on 21 December 2011, the Board believes there is little prospect of Target returning to profitability in the near future and, together with its advisers, has conducted a thorough review of the available options for Target. As a consequence, the Target business has been placed into administration and BDO appointed as Administrators of Target with effect from 28th February 2012.

The Group's other profitable trading divisions, Metrodome Distribution and Hollywood Classics, are unaffected and continue to trade as normal.

For further information please visit www.metrodomegroup.com, or contact:

 
 Metrodome Group plc 
 Mark Webster / Deborah Brown      Tel: 020 7535 7300 
 Charles Stanley Securities 
 Dugald J. Carlean / Karri Vuori   Tel: 020 7953 6000 
 Tavistock Communications 
 John West / Simon Compton         Tel: 020 7920 3150

This information is provided by RNS

The company news service from the London Stock Exchange

END

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