Update on Financing and Trading


 

TIDMSVN 
 
RNS Number : 3655L 
Sovereign Reversions PLC 
05 May 2010 
 

 
 
 
 
 
5 May 2010 
 
                            SOVEREIGN REVERSIONS PLC 
                         ("Sovereign" or the "Company") 
                        UPDATE ON FINANCING AND TRADING 
 
The Company has received confirmation of bank credit committee approved for the 
extension of its loan facility due to expire in June 2010 by a further two 
years. This approval is subject to formal documentation. 
 
In the financial year to 30 April 2010, proceeds from the sale of investment 
properties and shared equity loans exceeded GBP6.9m, an increase of 53% over the 
year to April 2009. 68 properties were vacated, compared with 60 in the previous 
year. The Company has invested less than GBP0.5m in home reversion plans during 
the year. 
 
Enquiries: 
 
+------------------------------------------------+----------------+ 
| Charles Stanley Securities, corporate broker   |  Tel: 020 7149 | 
|                                                |           6000 | 
+------------------------------------------------+----------------+ 
| Dugald Carlean / Ben Johnston                  |                | 
+------------------------------------------------+----------------+ 
|                                                |                | 
+------------------------------------------------+----------------+ 
| Graeme Marshall, Chief Executive, Sovereign    |     Tel: 01234 | 
| Reversions plc                                 |         356300 | 
+------------------------------------------------+----------------+ 
|                                                |                | 
+------------------------------------------------+----------------+ 
| Wriglesworth Consultancy                       |  Tel: 020 7427 | 
| John Wriglesworth/Tom Urpeth                   |           1400 | 
+------------------------------------------------+----------------+ 
 
 
This information is provided by RNS 
            The company news service from the London Stock Exchange 
   END 
 
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