VSH Venue Sol

 

TIDMVSH 
 
RNS Number : 1914A 
Venue Solutions Holdings PLC 
02 October 2009 
 

2 October 2009 
 
Venue Solutions Holdings plc 
 
 
("VSH" or the "Company") 
 
 
Further re. Subsidiary 
 
 
In an announcement on 23 June 2009 the Company disclosed that an application to 
the Essex Superior Court for the Commonwealth of Massachusetts for the 
receivership of YourDay Inc had been overturned and that the application had 
been dissolved. 
 
 
Since this time the Company has received further notification that on 29 
September 2009 the original petitioners of the receivership have filed an 
emergency motion to renew the appointment of a receiver to YourDay Inc. 
 
 
The Company, which has a 74 per cent. interest in YourDay Inc and the majority 
of the board seats, believes that this initiative is against the interests of 
shareholders and will result in unnecessary costs which consequently impacts on 
shareholder value. 
 
 
The Company is consulting with its legal counsel and intends to take all 
appropriate steps to ensure that a receiver is not appointed to YourDay Inc. A 
further announcement will be made in due course. 
 
 
Further enquiries: 
 
 
+---------------------------------------------+-----------------------------------+ 
| Venue Solutions Holdings plc                |                                   | 
+---------------------------------------------+-----------------------------------+ 
| Oliver Iny / Stephen Thomson                | Haggie Financial: Tel: 020 7417   | 
|                                             | 8989                              | 
+---------------------------------------------+-----------------------------------+ 
|                                             |                                   | 
+---------------------------------------------+-----------------------------------+ 
| John East & Partners Limited, a subsidiary of Merchant Securities PLC           | 
+---------------------------------------------------------------------------------+ 
| David Worlidge / Simon Clements             | Tel: 020 7628 2200                | 
+---------------------------------------------+-----------------------------------+ 
|                                             |                                   | 
+---------------------------------------------+-----------------------------------+ 
| Haggie Financial LLP                        |                                   | 
+---------------------------------------------+-----------------------------------+ 
| Nicholas Nelson/Kathy Boate                 | Tel: 020 7417 8989                | 
+---------------------------------------------+-----------------------------------+ 
 
 
 
 
 
 
 
This information is provided by RNS 
            The company news service from the London Stock Exchange 
   END 
 
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