Eurodis Electron(ELH)

Sector:

Electronic & Electrical Equipment

Market Cap

£9.94m

Change Today

0.000p

Share Price

1.05p

Update re: Administration

Eurodis Electron PLC
02 August 2005

2 August 2005



                              EURODIS ELECTRON PLC

                     ("Eurodis Electron" or "the Company")

                           Update re: Administration



On 15 July 2005 Neville Barry Kahn and Nicholas Guy Edwards (of Deloitte &
Touche LLP) were appointed as joint administrators of Eurodis Electron PLC.



The following subsidiaries in the Eurodis Electron group have also been placed
into administration, with the persons shown in the table below acting as their
joint administrators (the "Administrators").




Subsidiary                                        Administrators              Date of Appointment
Eurodis Electronics plc                           Neville Barry Kahn and      15 July 2005
                                                  Nicholas Guy Edwards
Eurodis Information Systems Limited               Neville Barry Kahn,         26 July 2005
                                                  Nicholas Guy Edwards and
                                                  Nicholas James Dargan
Eurodis Electronics UK Limited                    Neville Barry Kahn,         26 July 2005
                                                  Nicholas Guy Edwards and
                                                  Nicholas James Dargan
Eurodis Electron Holding BV                       Neville Barry Kahn,         26 July 2005
                                                  Nicholas Guy Edwards and
                                                  Nicholas James Dargan
Eurodis Distribution Services BV                  Neville Barry Kahn,         26 July 2005
                                                  Nicholas Guy Edwards and
                                                  Nicholas James Dargan
Eurodis Texim Electronics BV                      Neville Barry Kahn,         26 July 2005
                                                  Nicholas Guy Edwards and
                                                  Nicholas James Dargan
Eurodis Texim Electronics SA                      Neville Barry Kahn,         26 July 2005
                                                  Nicholas Guy Edwards and
                                                  Nicholas James Dargan



Since the date of their appointment the Administrators have been seeking to
achieve either sales of the companies in the Eurodis Electron group or sales of
the businesses and assets under their control.



The Administrators are hopeful that the disposals of either the companies or the
businesses and assets will be concluded satisfactorily in due course.  However,
given the level of debt across the Eurodis Electron group, the Administrators do
not anticipate, at present, that there will be a return to Eurodis Electron
shareholders.



In light of this situation, there is no current intention to request that the
suspension of shares of Eurodis Electron PLC from listing on the Official List
and trading on The London Stock Exchange be lifted.



                                   -  ends  -



Enquiries:



Financial Dynamics, Tel: 020 7831 3113

Jonathon Brill/Caroline Stewart




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

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