TIDMGON

RNS Number : 3554G

Galleon Holdings PLC

05 June 2013

5 June 2013

Galleon Holdings plc

("Galleon" or the "Company")

Notice of Intention to Appoint Administrator

The Board announces that it has today filed at court a notice of intention to appoint an administrator.

The Board has been reviewing its options in order to minimise the financial uncertainty surrounding the Company. While the Board continues to explore these options, the Company has filed a notice of intention to appoint Craig J. Povey and Kevin A. Murphy of Chantrey Vellacott DFK as administrators of the Company to assist the directors in this regard and to protect the interests of creditors.

The suspension to trading in the Company's shares, as announced on 22 March 2013, remains effective.

Further announcements will be made in due course.

Enquiries:

 
 Galleon Holdings plc 
  Hayden Eastwood, Chief Financial 
  Officer                              +44 20 8987 0011 
 Nominated Adviser 
  Cairn Financial Advisers LLP 
  James Caithie / Avi Robinson         +44 20 7148 7900

This information is provided by RNS

The company news service from the London Stock Exchange

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