FAIRPOINT GROUP PLC FairpointGroup PLC
('Fairpoint' or 'the Group')
Disposal of Subsidiary
FairpointGroup plc (in administration)('Group') announces the sale of the entire issued share capital of its wholly ownedsubsidiary, AllixiumLimited ('Allixium') to BarkolLimited.
The sale has been overseen by Group'sJoint Administrators, Lindsey Cooper, Gareth Harris and Alexander Kinninmonth of RSM Restructuring Advisory LLP.
The relevant business address of RSM Restructuring Advisory LLP is 3 Hardman Street, ManchesterM3 3HF.
Allixiumis a claims management company specialising in consumer claims. As at 31 December 2015, Allixiumhad gross assets of £740,239.
The consideration comprised a cash payment of £52,841.12, which was paid on completion of the disposal. The consideration will form part of the proceeds available for distribution by the Joint Administrators to the creditors of Group.
For enquiries please contact
RSM Restructuring Advisory LLP
Gemma Moorhousegemma.moorhouse@rsmuk.com
0113 285 5000
Fairpoint Group plc published this content on 01 September 2017 and is solely responsible for the information contained herein.
Distributed by Public, unedited and unaltered, on 02 September 2017 14:12:01 UTC.
Original documenthttp://irpages2.equitystory.com/websites/rns_news/English/21/rns-news-detail.html?newsID=1645287
Public permalinkhttp://www.publicnow.com/view/4531CDF3D513CDAB072362096E5DB760DB44AAEE
