RNS Number : 0827Q
Allergy Therapeutics PLC
09 October 2013
 



9 October 2013

 

Allergy Therapeutics plc

("Allergy Therapeutics" or "the Company")

 

Notification under AIM Rule Schedule Two (g)

 

Allergy Therapeutics plc (AIM: AGY), the specialist pharmaceutical company focused on allergy vaccination, makes the following update announcement under AIM Rule Schedule Two (g) regarding Stephen Smith, a non-executive director of Allergy Therapeutics plc.

 

In addition to being a non-executive director of the Company, Stephen Smith acts as a 'company doctor' working with companies in distressed situations and in some cases the role has required a restructuring through a pre-planned administration/receivership or a planned insolvency to ensure an orderly winding down of the business. In providing these services, Stephen Smith was appointed as a director of the companies listed below in Table 1 which had administrators, receivers or liquidators appointed. These companies were part of the following groups:

 

·      Texon International Group where Stephen Smith was appointed a director in 2004 and subsequently there was a restructuring in 2005 through a receivership which created a viable group where he continues to be a director.

 

·      Ethel Austin Group where Stephen Smith was appointed a director in 2005. In 2008 lenders sold their secured loans to a company which appointed administrators a few days later.

 

·      The Food & Drink Group where Stephen Smith was appointed a director in 2008 and administrators were appointed in 2009 in a pre-planned process to achieve a sale of the profitable parts of the business.

 

·      Paramount Restaurants Group where Stephen Smith was appointed a director in 2011 and later that year arranged a restructuring and subsequent pre-planned administration to achieve disposals of the profitable parts of the group.

 

·      Ennstone plc where Stephen Smith was appointed a director in 2008 and administrators were appointed in 2009 to complete a restructuring which ensured the viability of the UK and European businesses and protected the US business via a Chapter 11 process.

 

Table 1

 

Company


Comments




ACLM Limited (in administration)


Part of Ethel Austin Group

Bluelodge Limited (in administration)


Part of The Food & Drink Group

Burlington Restaurant Limited (in administration)


Part of The Food & Drink Group

Ennstone plc (in administration)


Holding company

Enterprises Realisations Limited (in administration)


Part of The Food & Drink Group

Ethel Austin Retail Group Limited (in administration)


Part of Ethel Austin Group

Ethel Austin Retail Holdings Limited (in administration)


Part of Ethel Austin Group

Futurestar Limited (in administration)


Part of The Food & Drink Group

Group Realisations Limited (in administration)


Part of The Food & Drink Group

Hartford Operations Limited (in administration)


Part of The Food & Drink Group

J Bar Limited (in administration)


Part of The Food & Drink Group

Montana plc (in administration)


Part of The Food & Drink Group

Newtaste Restaurants Limited (in administration)


Part of The Food & Drink Group

Noteframe Limited (in administration)


Part of Ethel Austin Group

Noxet Administration Services Limited


Part of Texon International group

PWC Realisations Limited (in administration)


Part of The Food & Drink Group

Texon Group Limited


Part of Texon International group

Texon Holdings Ltd (in liquidation)


Part of Texon International group

Texon International Limited


Part of Texon International group

The Food & Drink Group plc (in administration)


Part of The Food & Drink Group

USM (Holdings) Ltd


Part of Texon International group

Vantis Financial Management Limited (in administration)


Part of Vantis group

Vantis plc (in administration)


Part of Vantis group

Caffe Uno Brasseries Limited (in administration)


Part of Paramount Restaurants group

Charlotte Street Restaurants Limited


Part of Paramount Restaurants group

Chez Gerard Restaurants Limited (in administration)


Part of Paramount Restaurants group

Craftbutton Limited (in administration)


Part of Paramount Restaurants group

Groupe Chez Gerard Limited (in administration)


Part of Paramount Restaurants group

Groupe Chez Gerard Restaurants Limited (in administration)


Part of Paramount Restaurants group

Leviathan Limited (in liquidation)


Part of Paramount Restaurants group

Paramount Acquisitions Limited (in liquidation)


Part of Paramount Restaurants group

Paramount Holdings Limited (in administration)


Part of Paramount Restaurants group

Paramount Limited (in administration)


Part of Paramount Restaurants group

Paramount Restaurants  Limited (in administration)


Part of Paramount Restaurants group

Smile Restaurants Limited (in liquidation)


Part of Paramount Restaurants group




 

 

-Ends-

 

For further information

 

Allergy Therapeutics

+44 (0) 1903 845 821

Ian Postlethwaite

Finance Director


Manuel Llobet

Chief Executive Officer




www.allergytherapeutics.com




Peel Hunt LLP

+44 (0) 20 7418 8900

James Steel / Dr. Vijay Barathan




FTI Consulting

+44 (0) 207 831 3113

Simon Conway / Victoria Foster Mitchell


 


This information is provided by RNS
The company news service from the London Stock Exchange
 
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