VTS Vantis

 

TIDMVTS 
 
RNS Number : 3354J 
Vantis PLC 
29 March 2010 
 

Immedaite Release 
                   29 March 2010 
 
                                  Vantis plc 
                          ("Vantis" or "the Company") 
 
                                 Trading Update 
 
 
The Board of Vantis announces that following the completion of a detailed 
re-forecasting process, it now expects activity levels in its Business Recovery 
Division during the year ending 30 April 2010 to be below its previous 
expectations. The Company also now expects a number of further exceptional 
charges in the second half principally relating to asset impairment. These 
charges will be substantially non-cash items. 
 
The cost reduction programme, as set out in the interim results announced on 1 
February 2010, continues and is expected to result in ongoing cost savings of 
approximately GBP5 million per annum. 
 
 
 
Enquires: 
 
Vantis Plc 
                                      Tel: 020 7417 0417 
Paul Jackson, Chief Executive 
Stephen Smith, Interim Finance Director 
 
Investec Investment Banking 
                    Tel: 020 7597 5970 
Martin Smith 
 
Buchanan Communications 
                  Tel: 020 7466 5000 
Richard Darby 
James Strong 
 
 
This information is provided by RNS 
            The company news service from the London Stock Exchange 
   END 
 
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