Funding Update (1746V)
January 09 2012 - 2:00AM
UK Regulatory
TIDMACR
RNS Number : 1746V
Abbeycrest PLC
09 January 2012
Press release 9 January 2012
Abbeycrest plc
("Abbeycrest" or "the Group")
Funding Update
Further to the announcement made on 30 November 2011, which
stated that the Group may again need to manage its working capital
requirement during January 2012 and that the board was reviewing
options available in order to achieve this, the board of Abbeycrest
confirms that the directors continue to actively pursue all options
available to address the ongoing constraints on the Group's working
capital, including the possible refinancing of the Group's banking
arrangements and the potential disposal of certain of the Group's
assets."
For further information:
Abbeycrest plc Tel: +44 (0)113 397 0864
Simon Ashton, Executive Chairman www.abbeycrest.co.uk
Evolution Securities Limited Tel: +44 (0)113 243 1619
Joanne Lake/Peter Steel www.evosecurities.com
This information is provided by RNS
The company news service from the London Stock Exchange
END
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