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Trading Update for Notes Offering

28th Oct 2014 13:19

RNS Number : 4858V
Arrow Global Group PLC
28 October 2014
 



FOR IMMEDIATE RELEASE

28 October 2014

 

Arrow Global Group PLC

Trading Update for Notes Offering

 

On 27 October 2014, Arrow Global Group PLC announced the launch of a proposed offering of notes. In connection with that offering, we provided the following update on trading to 30 September 2014.

Our Core Collections for the three months ended 30 September 2014 increased compared to the corresponding period in 2013 reflecting the increase in our purchased loan portfolios.

Between 1 July 2014 and 30 September 2014, we acquired loan portfolios with an aggregate face value of £120.0 million for £23.6 million. We expect our full year purchases to be in line with our previous expectations, which, we believe, will lay a strong foundation for earnings growth in future years.

We remain on track to deliver overall results in line with our expectations for 2014. Our quarterly results will be announced on 28 November 2014.

* * *

This announcement does not constitute an offer to sell any securities or the solicitation of an offer to buy any securities. The offering is being made by means of an offering memorandum, and is subject to restrictions. In particular, the securities referred to in the announcement have not been, and will not be, registered under the U.S. Securities Act of 1933, as amended (the "Securities Act"), and may not be offered or sold within the United States except pursuant to an exemption from, or in a transaction not subject to, the registration requirements of the Securities Act.

This announcement contains certain forward-looking statements with respect to certain of Arrow Global's current expectations and projections about future events. These statements, which sometimes use words such as "intend," "proposed," "plan," "expect," and words of similar meaning, reflect the directors' beliefs and expectations and involve a number of risks, uncertainties and assumptions (including the completion of the transactions described in this announcement) that could cause actual results and performance to differ materially from any expected future results or performance expressed or implied by the forward-looking statement. Statements contained in this announcement regarding past trends or activities should not be taken as a representation that such trends or activities will continue in the future. The information contained in this announcement is subject to change without notice and, except as required by applicable law, we do not assume any responsibility or obligation to update publicly or review any of the forward-looking statements contained in it. Readers should not place undue reliance on forward-looking statements, which speak only as at the date of this announcement. No statement in this announcement is or is intended to be a profit forecast or profit estimate or to imply that the our earnings or other measures of performance for the current or future financial years will necessarily match or exceed our historical or published earnings or other measures of performance.

This information is provided by RNS
The company news service from the London Stock Exchange
 
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