Statement re extension to Standstill Agreement

Consort Healthcare (Tameside) PLC

18 November 2024

 

CONSORT HEALTHCARE (TAMESIDE) PLC

The outstanding 1.9810 per cent. Index-Linked Guaranteed Secured Bonds due 2041

ISIN XS0321115130

(the "Notes")

RNS REGARDING CHANGE OF OWNERSHIP AND SHORT-TERM STANDSTILL

Consort Healthcare (Tameside) plc

London, 18 November 2024 - Consort Healthcare (Tameside) plc (the "Company"), a project company for the Private Finance Initiative (PFI) concession contract to design, construct, finance, maintain and manage the lifecycle costs of hospital facilities in Tameside for the Tameside & Glossop Integrated Care NHS Foundation Trust (the "Trust") provides an update regarding the standstill arrangements

The previous standstill arrangement between the Company and the Trust expired on 01 November 2024 and the parties have agreed to a short-term extension until 01 December 2024 while discussions continue as to whether a potential settlement arrangement can be reached.

There is no certainty as to whether such discussions will be successful. If unsuccessful, there is a high likelihood the Company will enter an insolvency process.

The Company will provide further updates to the market in due course.

This announcement is given by the Company. 

Enquiries:  [e-mail]

THIS ANNOUNCEMENT CONTAINS INFORMATION THAT QUALIFIES OR MAY HAVE QUALIFIED AS INSIDE INFORMATION WITHIN THE MEANING OF ARTICLE 7 OF THE MARKET ABUSE REGULATION (EU NO. 596/2014), AS IT FORMS PART OF UNITED KINGDOM DOMESTIC LAW BY VIRTUE OF THE EUROPEAN UNION (WITHDRAWAL) ACT 2018, AS AMENDED.

 

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