25th May 2009 16:43
Newcourt Group plc
Ticker: NEW.I
Media Speculation and Banking Update
In light of recent media speculation, Newcourt announces that it has received an approach from Adrian McGennis, Managing Director of Sigmar Group, with an indication that he would like to explore the possibility of making an offer for some or all of the Sigmar businesses. No discussions have yet taken place in relation to the possible terms of any such offer, nor has any formal proposal been received. A further announcement will be made at the appropriate time. Mr McGennis has today resigned from the Newcourt board.
Newcourt also confirms that the discussions with its principal bankers in relation to its current indebtedness are ongoing. The bank has now formally indicated that it considers Newcourt to be in breach of certain of its banking covenants and the board of Newcourt is addressing this as a matter of urgency. A further announcement will be made when appropriate.
Contacts
| Ivan Murphy (NOMAD) | Mark Kenny/Jonathan Neilan | ||||
| Davy Corporate Finance | K Capital Source | ||||
| Tel: +353 1 679 6363 | Tel: +353 1 663 3680 | ||||
| Email: [email protected] | |||||
Copyright Business Wire 2009
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