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RNS Number : 1132Z
11 March 2012
Siteserv plc ( the "Group")
As announced on 16 January 2012 the Group is, in conjunction with its advisers, exploring a number of strategic and corporate options for discussion with Irish Bank Resolution Corporation Limited in advance of expiration of its existing debt facilities in December 2012.
The Group is now in advanced discussions which may lead to a sale of all of its operating companies. Such a transaction, should it materialise, will require a vote of shareholders under the AIM and ESM Rules. At this stage it is not possible to quantify the final financial impact for shareholders. However such a transaction is not expected to have any negative impact for staff, customers, key business relationships or suppliers.
A further announcement will be made in due course.
Brian Harvey, Chief Executive
Niall Devereux, Group Finance
Tel: +353 1 601 1550
Davy Corporate Finance
Des Carville, Director
Tel: +353 1 679 6363
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