Statement re Update on Financing

RNS Number : 1859C

CPPGroup Plc

11 April 2013

 



CPPGroup Plc

11 APRIL 2013

UPDATE ON FINANCING

Further to the announcement on 28 March 2013 the Board of CPPGroup Plc ("CPP" or the "Group") today announces that it has agreed a further one week extension to the maturity of the Group's revolving credit facility to 19 April 2013 and continues in constructive discussions with its existing lenders and others in relation to a number of financing and strategic options.

The Board remains focused on reaching an agreed financing solution with a view to ensuring the viability of the Group in the short and longer term, although there can be no certainty that such a solution will be found.

The Board will make further announcements as appropriate in due course.

Enquiries:

CPPGroup Plc

Paul Stobart, Chief Executive Officer

Shaun Parker, Chief Financial Officer

Tel: [phone]

Helen Spivey, Head of Corporate and Investor Communications

Tel: [phone]

Tulchan Communications

John Sunnucks

Martin Robinson

Tel: [phone]

 

END

 

 

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