Update on possible offer for Cattles plc
2010年9月15日 - 3:00PM
RNSを含む英国規制内ニュース (英語)
TIDMCTT
RNS Number : 7224S
Cattles PLC
15 September 2010
NOT FOR RELEASE, PUBLICATION OR DISTRIBUTION IN, INTO OR FROM ANY JURISDICTION
WHERE TO DO SO WOULD CONSTITUTE A VIOLATION OF THE RELEVANT LAWS OR REGULATIONS
OF SUCH JURISDICTION
FOR IMMEDIATE RELEASE
15 September 2010
Cattles plc
Update on possible offer for Cattles plc ("Cattles")
As has previously been announced, Cattles has been in discussions for some time
with representatives of its key financial creditors concerning a consensual
restructuring of its liabilities.
On 2 June 2010 Cattles announced that one of the options being discussed with
those representatives included a proposal under which a newly incorporated
company would make an offer, at a nominal value of up to 1p per share, to
acquire the entire issued share capital of Cattles (to be effected by a
shareholder scheme of arrangement).
Cattles has been informed by the advisers to the steering committees of the
bondholder creditors of Cattles (which Cattles understands hold approximately
one third of the nominal value of the outstanding bonds) that such steering
committees and their advisers have ceased and do not intend to re-instigate
negotiations with Cattles' other key financial creditors in respect of any
solvent restructuring of Cattles.
Notwithstanding the above, Cattles believes that it remains in the interests of
all parties to reach an agreement. Therefore, Cattles and its advisers continue
to engage in ongoing constructive discussions with representatives of certain of
its key financial creditors still with a view to achieving a consensual
restructuring of Cattles' liabilities, including an offer to acquire the share
capital of Cattles at up to 1p per share.
A further announcement will be made when appropriate. A copy of this
announcement will also be made available on Cattles' website www.cattles.co.uk
by no later than 12.00 noon (London time) on 16 September 2010.
For further information, please contact:
Paul Marriott, Financial Dynamics 020 7269 7252
This information is provided by RNS
The company news service from the London Stock Exchange
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