Re Credit Guarantee Scheme

RNS Number : 6335J

Close Brothers Group PLC

05 December 2008

 



5 December 2008

CLOSE BROTHERS GROUP PLC ("CLOSE BROTHERS") ACCESS TO THE GOVERNMENT'S CREDIT GUARANTEE SCHEME

Close Brothers is pleased to confirm that further to the announcement made by the Chancellor on 8 October about the Government's recapitalisation scheme, the Financial Services Authority has reviewed our capital position and is satisfied that we have the capital and strategic plan in place which would be necessary, if we were to apply for access to the Government's Credit Guarantee scheme.

Close Brothers maintains a conservative approach to balance sheet management and, as stated in our Interim Management Statement of 13 November 2008, remains soundly funded from a wide range of sources. Access to the Credit Guarantee Scheme provides Close Brothers with a further potential source of medium term funding.  

Enquiries:

Sophie Ameln Gillingham            - Investor Relations                        

                                                   Close Brothers Group plc          020 7655 3844

Justin Clark                               - Press enquiries                            

                                                   Close Brothers Group plc          020 7655 3784

David Waller                               Maitland                                   020 7379 5151

 

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