Sale of Debt

RNS Number : 5122G

International Personal Finance Plc

07 June 2013

 



7 June 2013

INTERNATIONAL PERSONAL FINANCE PLC (IPF)

SALE OF DEBT

The IPF Group today announces it has contracted to sell two portfolios of impaired receivables originating from loans issued in Poland to ULTIMO Group, a leading Polish consumer debt management organisation. It is expected that the transaction will result in a non-recurring profit before taxation of approximately £16M, which will be accounted for as an exceptional item in the Group's income statement in the first half of the financial year ending 31 December 2013.

Investor relations and media contacts:

Media
John Mitra	[phone] / [phone]
Investor relations
Justin Lockwood	[phone] / [phone]

 

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