13th Feb 2009 07:00
13 February 2009
Midas Capital plc
Market update
Following the announcement dated 21 January 2009, Midas Capital Plc ("Midas") confirms that it has reached agreement with its bank for a waiver of its loan covenants until 30 April 2009 with a view to restructuring its borrowing arrangements.
The bank has confirmed that Midas continues to enjoy its full support.
Discussions continue with interested parties over strategic options to strengthen the balance sheet and a further announcement will be made when appropriate.
Further information on Midas can be found at: www.midascapitalplc.com
Enquiries:
Midas
Colin Rutherford, Executive Chairman 07768 053 054
Simon Edwards, Chief Executive 07947 118 670
Broadgate
Roland Cross, Director 020 7726 6111
Arbuthnot
James Steel 020 7012 2000
Antonio Bossi
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