SSV Siteserv

TIDMSSV

RNS Number : 5823V

Siteserv PLC

15 January 2012

Siteserv plc

Statement re Media Comment

Dublin, 16 January 2012: Siteserv plc ("Siteserv" or the "Group"), a leading support services group, notes the media comment concerning the level of its bank debt and consequent impact on shareholder equity value.

As announced in Siteserv's preliminary results on 28 July 2011, the Group entered into a new banking agreement on 27 July 2011 which included the re-negotiation of its existing debt facilities through to December 2012.

Accordingly 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. At this stage it is not possible to predict the outcome of this exercise nor quantify the financial impact for shareholders. However the exercise 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.

Enquiries:

 
 Siteserv plc 
 Brian Harvey, Chief Executive 
  Niall Devereux, Group Finance 
  Director 
  Tel: +353 1 601 1550 
 
 
 Davy Corporate Finance 
 Des Carville, Director 
  Nicholas O'Gorman 
  Tel: +353 1 679 6363 
 

This information is provided by RNS

The company news service from the London Stock Exchange

END

SPCEAFFSFDSAEAF

Siteserv (LSE:SSV)
Historical Stock Chart
From Apr 2024 to May 2024

Siteserv (LSE:SSV)
Historical Stock Chart
From May 2023 to May 2024