ACR Abbeycrest

TIDMACR

RNS Number : 7775Y

Abbeycrest PLC

31 December 2010

 
 31 December 2010 
 

Abbeycrest plc

("the Group")

Covenant Breach

As stated in the Trading Update of 16 December 2010, the Group was at risk of breaching its profit covenants with its senior lender, Burdale Financial Limited ("Burdale"). This has now occurred and the management is working closely with Burdale to reset these covenants.

- Ends -

For further information:

 
 Abbeycrest plc 
 Simon Ashton                     Tel: +44 (0)113 3970 865 
 Executive Chairman                   www.abbeycrest.co.uk 
 
 Evolution Securities Limited 
 Joanne Lake / Peter Steel        Tel: +44 (0)113 243 1619 
  joanne.lake@evosecurities.com      www.evosecurities.com 
 

This information is provided by RNS

The company news service from the London Stock Exchange

END

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