Update on Financial Position (7865W)
2012年2月3日 - 10:37PM
RNSを含む英国規制内ニュース (英語)
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RNS Number : 7865W
Abbeycrest PLC
03 February 2012
Abbeycrest plc
("Abbeycrest" or "the Group")
Update on Financial Position
The board of Abbeycrest confirms that Chrysus Holdco Limited
("Chrysus", a privately owned investment vehicle incorporated and
registered in the UK) has acquired the loans made to the Group by
Moorgarth Limited and Michael Lever, its junior creditors. Chrysus
has acquired each of these loans and related security arrangements
by way of assignment.
In addition to these arrangements, Chrysus has provided
additional funding of c.GBP0.78 million to the Group, of which
c.GBP0.48 million will be used to redeem the debt owed to Burdale
Financial Limited, with the remainder providing additional working
capital to Brown & Newirth Limited whilst the board continues
to assess the options available in the short-term to allow the
Group to remain as a going concern. Accordingly, Abbeycrest's
shares remain suspended from trading on the Main Market of London
Stock Exchange plc pending further clarification regarding the
Group's financial position.
For further information, please contact:
Abbeycrest plc Tel: 01707 255 000
Simon Ashton, Executive Chairman http://www.abbeycrest.co.uk
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This information is provided by RNS
The company news service from the London Stock Exchange
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