8th Feb 2011 15:47
8 February 2011
As announced in the Group's interim results published on 13th December 2010, the Group has been in negotiations to restructure its non recourse asset financing and associated shorter term debt requirement. Whilst these negotiations remain ongoing, they have proved more protracted than the Board had anticipated. The Board is continuing to pursue various alternatives to satisfy its debt requirements, including a shorter term debt requirement of approximately £4 million.
Enquiries:
AssetCo plc | +44 (0) 20 8515 3999 |
John Shannon, Chief Executive Officer | |
Scott Brown, Finance Director | |
Arden Partners plc | +44 (0) 20 7614 5932 |
Richard Day | |
Adrian Trimmings | |
Cadogan PR | +44 (0) 7771713608 |
Alex Walters |
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