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EuroLife Brands

Resignation of Non Executive Directors and Nomad

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RNS Number : 8169Q
EuroTrust A/S
20 April 2009
 



EuroTrust A/S ("EuroTrust" or the "Company")


RESIGNATION OF NON EXECUTIVE DIRECTORSNOMINATED ADVISER AND BROKER AND FORTHCOMING RESIGNATION OF MANAGEMENT


On 24 November 2008, the Company announced that due to significant financial difficulties, it had filed for a period of Suspension of Payments under Danish law. Following the announcement, the court appointed supervisors to the Company and EuroTrust's shares were suspended from trading on AIM.


EuroTrust today announces that the court appointed supervisors to the Company, Claus Bennetsen of Accura and Boris Frederiksen of Poul Schmith have, as of 1 April 2009, ceased payment of fees to the Company's Non-Executive Directors and to Singer Capital Markets Limited ("SCM"), the Company's nominated adviser and broker.


As a consequence, the following Non-Executive Directors of the Company have resigned with immediate effect:


Brian Birkenhead;

Christian Rovsing; and

Jan Berger.


In addition, SCM has also resigned as the Company's nominated adviser and broker with immediate effect.


Following the resignation of SCM, the Company must find another qualified nominated adviser in order to continue its listing on AIM, failing which the Company's shares will be de-listed from AIM on 21 May 2009.


Furthermore, Robert Skjødt has confirmed that he will resign as the Chief Executive of the company by the end of April 2009. Kim Simonsen has also confirmed that he will resign as the Chief Financial Officer of the company by the end of June 2009.


All indications of interest in relation to purchasing the Company's assets and all enquiries in relation to any claim by a creditor of the Company should be directed to Claus Bennetsen and Boris Frederiksen, the court appointed supervisors, at the registered office of Eurotrust, Kokholm 3, 6000 KoldingDenmark.




Claus Bennetsen, of Accura
 
Boris Frederiksen, of Poul Schmith  
 
 
EuroTrustA/S,Kokholm3
6000Kolding
Denmark
 
Tel: +45 3945 2828
Tel: +45 7230 7222

This information is provided by RNS
The company news service from the London Stock Exchange
 
END
 
 
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Quick facts: EuroLife Brands

Price: $0.10

Market: CSE
Market Cap: $20.35 m
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