Red Dragon Investments plc
LSE : RDIO

September 12, 2008 08:39 ET

Subsidiary ceases trading

12 September 2008

                                            Red Dragon Plc
                                             ('Red Dragon')
                                                   
                                       Subsidiary ceases trading

Red Dragon Investments plc announces that its subsidiary GJA Communications Limited ('GJA' or 'the
Company'), a London-based strategic communications agency has today ceased trading and is seeking
advice from an insolvency practitioner.

In addition today, GJA's chief executive officer, Guy Jackson has resigned from the Company and from
Red Dragon. The Directors are working closely with the staff of GJA to ensure that existing business
can either be completed or transferred at value to the Company.

The Directors are extremely disappointed that GJA has not been a success and that Guy Jackson has
decided to pursue other interests, however the Board will now commence searching for a suitable
business to acquire into Red Dragon with the aim of returning value to its shareholders.

The directors accept full responsibility for this announcement.

For further details please contact:

Red Dragon Plc:
Vincent Nicholls              Tel: 07767 420 160

Griffin Communications Ltd:
Melissa Gilmour               Tel: 07970 767 8689

Fisher Corporate Plc:
Gary Miller                   Tel: 0207 388 7000

Contact Information

  • Red Dragon Investments plc