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IN BRIEF: Esken announces undefined extension for need to accede

5th Mar 2024 21:09

Esken Ltd - Liverpool-based infrastructure, aviation and energy services provider - Says an extension has been agreed to the date by which it would need to accede to the recapitalisation proposal between its subsidiary, London Southend Airport Co Ltd, Carlyle Global Infrastructure Fund, and Cyrus Capital Partners. Carlyle alleges a technical breach by LSA with respect to the convertible loan agreement entered into between LSA and CGI. Esken back in January said it was confident that LSA had a robust position in relation to the CGI claim. Carlyle alleges a technical breach by LSA with respect to the convertible loan agreement entered into between LSA and CGI. Esken back in January said it was confident that LSA has a robust position in relation to the CGI claim. LSA in January had been notified that CGI is alleging a number of further breaches and issued an acceleration notice demanding repayment of the loan in the amount of GBP193.8 million.

Current stock price: 0.15 pence each, closed 21% lower on Tuesday in London

12-month change: down 97%

By Tom Budszus, Alliance News slot editor

Comments and questions to [email protected]

Copyright 2024 Alliance News Ltd. All Rights Reserved.

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