Interserve PLC Update on Deleveraging Plan (9173Q)

TIDMIRV

RNS Number : 9173Q

Interserve PLC

22 February 2019

Update on Deleveraging Plan

On 6 February the Board announced that the key commercial terms of its Deleveraging Plan had been agreed with its lenders, bonding providers and Pension Trustee.

It is now expected that Interserve will publish shareholder documents next week which will include the notice of a General Meeting of Interserve at which shareholder approval of the Deleveraging Plan will be sought. The documents will also set out the full terms of the Deleveraging Plan.

Overnight the Board received an outline proposal from Coltrane Asset Management, which it is considering.

The Board confirms that it remains committed to achieving a consensual deleveraging plan.

ENDS

This announcement contains forward-looking statements in respect of the Group and its Deleveraging Plan. By their nature, these statements involve uncertainty, known and unknown risks and other factors and therefore assurance cannot be given that any particular expectation will be met. In particular, while Interserve continues to work towards the implementation of the Deleveraging Plan in the first quarter of 2019, there can be no assurance that the Deleveraging Plan will be implemented unless and until agreements have been reached with several parties and until all conditions are satisfied.

THIS ANNOUNCEMENT CONTAINS INSIDE INFORMATION RELATING TO INTERSERVE PLC.

LEI: 549300MVYY4EZCRFHZ09

For further information please contact:

   Jonathan Refoy                                                +44 (0) 7880 315877

Interserve plc

   Martin Robinson                                              +44 (0) 207 3534200

Tulchan Communications

About Interserve

Interserve is one of the world's foremost support services and construction companies. Everything we do is shaped by our core values. We are a leader in innovative and sustainable outcomes for our clients and a great place to work for our people. We offer advice, design, construction, equipment, facilities management and frontline public services. We are headquartered in the UK and FTSE-listed. We have gross revenues of GBP3.7 billion and a workforce of circa 68,000 people worldwide.

www.interserve.com

For news follow @interservenews

This information is provided by RNS, the news service of the London Stock Exchange. RNS is approved by the Financial Conduct Authority to act as a Primary Information Provider in the United Kingdom. Terms and conditions relating to the use and distribution of this information may apply. For further information, please contact rns@lseg.com or visit www.rns.com.

END

STRUUSVRKBAUUAR

(END) Dow Jones Newswires

February 22, 2019 10:50 ET (15:50 GMT)

Interserve (LSE:IRV)
과거 데이터 주식 차트
부터 5월(5) 2024 으로 6월(6) 2024