Interserve PLC Response to media reports re Deleveraging Plan (5113S)

TIDMIRV

RNS Number : 5113S

Interserve PLC

11 March 2019

RESPONSE TO MEDIA REPORTS REGARDING DELEVERAGING PLAN

The Interserve Board notes today's Sky News article and confirms that it has been in discussions with Coltrane and its lenders which have sought to establish the basis on which Coltrane would support the company's restructuring proposal.

Although the Board is seeking to improve the position of all shareholders, there is no certainty that it will be able to do so in the very limited time available.

The only proposal which is currently capable of being implemented is the recommended Deleveraging Plan through which, inter alia, shareholders will retain 5% of the equity of the restructured Interserve with the ability to acquire further equity through the open offer.

Ends

This announcement contains forward-looking statements in respect of Interserve, its group and its Deleveraging Plan. By their nature, these statements involve uncertainty, known and unknown risks and other factors and therefore assurance cannot be given that any particular expectation will be met.

THIS ANNOUNCEMENT CONTAINS INSIDE INFORMATION RELATING TO INTERSERVE PLC.

LEI No: 549300MVYY4EZCRFHZ09

For further information, please contact

   Jonathan Refoy                                                +44 (0) 7880 315877

Interserve plc

   Martin Robinson                                              +44 (0) 207 3534200

Lisa Jarrett-Kerr

Tulchan Communications

About Interserve

Interserve is one of the world's foremost support services and construction companies. Everything we do is shaped by our core values. We are a leader in innovative and sustainable outcomes for our clients and a great place to work for our people. We offer advice, design, construction, equipment, facilities management and frontline public services. We are headquartered in the UK and FTSE-listed. We have consolidated revenues of GBP2.9bn and a workforce of circa 68,000 people worldwide.

www.interserve.com

This information is provided by RNS, the news service of the London Stock Exchange. RNS is approved by the Financial Conduct Authority to act as a Primary Information Provider in the United Kingdom. Terms and conditions relating to the use and distribution of this information may apply. For further information, please contact rns@lseg.com or visit www.rns.com.

END

STRJBMRTMBTBBIL

(END) Dow Jones Newswires

March 11, 2019 13:27 ET (17:27 GMT)

Interserve (LSE:IRV)
過去株価チャート
から 5 2024 まで 6 2024