Update on Financing

RNS Number : 8913A

AssetCo PLC

08 February 2011

 



8 February 2011 

As announced in the Group's interim results published on 13^th 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	[phone]
John Shannon, Chief Executive Officer
Scott Brown, Finance Director
Arden Partners plc	[phone]
Richard Day
Adrian Trimmings
Cadogan PR	[phone]
Alex Walters

 

END

 

 

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