RNS Number : 8946K
  Interactive Prospect TargetingHdgs
  30 December 2008
   


   30 December 2008

    Interactive Prospect Targeting Holdings PLC

     ("IPTH" or "the Company)


    Update on Bank Debt Restructuring

    Further to the press release dated 29 September 2008 in which it announced the restructuring of its EUR6.5 million loan facility ("Loan
Facility"), IPTH announces that it continues to discuss with Barclays Bank plc the fulfilment of certain conditions subsequent set out in a
restructuring letter dated 24 October 2008 ("Restructuring Letter"). Such conditions subsequent were due to be fulfilled by 15 December
2008.

    On 29 December 2008 IPTH received from Barclays Bank a formal notification ("Notification") that the Company was in default under the
terms of the Restructuring Letter. In the Notification, Barclays Bank also confirmed to the Company that it had no current intention of
enforcing its rights or taking any immediate action in respect of the breaches under the terms of the Restructuring Letter, however it has
reserved its rights to do so. 

    The Company continues its discussions with Barclays Bank with a view to satisfying the outstanding conditions subsequent. Further
updates regarding the status of the Loan Facility will be made as appropriate.

    - Ends -


    For further information:

 IPTH
 Nicholas Ward, Executive Chairman  Tel: +44 (0) 20 7932 4912

 Canaccord Adams
 Mark Williams / Guy Blakeney, Corporate Finance  Tel: +44 (0) 20 7050 6500
                                                     www.canaccordadams.com

      Media enquiries:
 Abchurch
 Charlie Jack / Jack Ballantyne      Tel: +44 (0) 20 7398 7706
 jack.ballantyne@abchurch-group.com     www.abchurch-group.com


This information is provided by RNS
The company news service from the London Stock Exchange
 
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