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20 Apr 2009
Axeon Holdings has gone into administration after its biggest lender called in insolvency experts from Grant Thornton.
The AIM-quoted lithium battery supplier announced Malcolm Shierson and David Dunckley's appointment today.
In a statement to the city Axeon said:
'Axeon announces that Malcolm Shierson and David Dunckley of Grant Thornton UK LLP have today been appointed as administrators to the company by its principal lender. '
As a result, the company's ordinary shares have been suspended from trading on AIM with immediate effect. A further announcement will be made when appropriate.'
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