Room Service Group PLC
23 January 2003
Room Service plc
('Room Service' or 'the Company')
The board of Room Service Plc regrets to announce that, having considered all
the options immediately available to the Company, the decision has been taken
that it is in the best interests of shareholders for the directors of the
Company's principal trading subsidiary, Room Service (UK) Limited, to place Room
Service (UK) Limited in voluntary liquidation. David Rubin and Paul Appleton of
David Rubin & Partners were appointed as liquidators today by the shareholder of
Room Service (UK) Limited.
The Directors of the Company have been actively seeking additional funding for
the Company from a number of sources over the past four months. However, the
various discussions that the Company has been involved in have not resulted in
the deal anticipated by the Directors of Room Service. The volatile conditions
in the stock market and the associated effect this has had on the corporate
sector has resulted in a marked downturn in the Company's food delivery and
catering businesses over the last twelve months.
The board of Room Service have made every effort to find a suitable solution to
its funding requirements but regrettably without success.
The board of Room Service also announces that Alexander Duma, non-executive
chairman of the Company, has today tendered his resignation from the Company and
its subsidiaries and the board have accepted such resignation with immediate
effect.
This information is provided by RNS
The company news service from the London Stock Exchange