Update on financing

14/02/2011
 
As announced in the Group's interim results published on 13th  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 +44 (0) 20 8515 3999 
John Shannon, Chief Executive
Officer
 
Scott Brown, Finance Director  
   
Arden Partners plc +44 (0) 20 7614 5932
Richard Day  
Adrian Trimmings  
   
Cadogan PR +44 (0) 7771713608
Alex Walters