1st Apr 2021 06:58
nmcn PLC - Nottinghamshire-based engineering and construction - Alongside its debt advisers Arrowpoint Advisory LLP, in advanced discussions with an unnamed party with a view to concluding a finance package secured against the company's property development projects.
"The board continue to work with Arrowpoint to determine a longer-term financing structure," company adds.
It continues: "The group is also proactively engaged with Lloyds Bank PLC, the company's bank, regarding its existing overdraft facility."
Notes a further update will be made "in due course".
Current stock price: 270.00 pence
Year-to-date change: up 3.9%
By Paul McGowan; [email protected]
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