Update on discussions with lenders (0370C)
01 3월 2011 - 4:01PM
UK Regulatory
TIDMVYKE
RNS Number : 0370C
Vyke Communications PLC
01 March 2011
1 March 2011
Vyke Communications plc
("Vyke" or the "Company")
Update on discussions with lenders
Vyke Communications plc (AIM: VYKE), the mobile Voice over
Internet Protocol provider, announces that, following the
announcement made on 7 January 2011, it has continued discussions
with its unsecured bondholder and its unsecured lender in relation
to repayments of GBP1.0 million originally due on 31 December 2010
(plus accrued interest) and GBP1.0 million originally due on 4
January 2011 (the "Payments"). Further details are contained in the
announcement made on 2 December 2010.
The board of Vyke (the "Board") is pleased to announce that the
bondholder and the lender have each agreed to a further conditional
extension of the deadlines of the Payments from 28 February 2011 to
31 May 2011 (the "Extension") in order to conclude discussions
which the Board believes should facilitate a long-term solution, to
both the timing of the Payments and the repayment of Vyke's other
creditors, and ensure Vyke should have a sustainable business model
moving forward.
The Extension is conditional upon Vyke procuring the termination
of the joint venture agreement entered into on 12 July 2010 with
Bonjour Europe Limited, a wholly owned UK subsidiary of BLS TEL
Holdings LLC (the "Joint Venture Agreement"). In the event that
Vyke is unable to procure the termination of the Joint Venture
Agreement then the Board will need to seek alternative sources of
funds of which there can be no guarantee or take steps to protect
the interests of creditors.
Further announcements in relation to the discussions above will
be made at the appropriate time.
----ends----
- For further information please contact: Vyke Communications
plc
Vyke Communications
Mohammad Asif, Chief Executive +44 20 3137 1560
Allenby Capital Limited +44 20 3328 5656
Nominated Adviser
Brian Stockbridge / Alex
Price
Threadneedle Communications +44 20 7653 9850
Graham Herring / Terry Garrett
About VYKE
Vyke Communications plc is a mobile Voice over Internet Protocol
("VoIP") provider and is headquartered in the UK. The strategic
goal of Vyke is to combine its expertise in VoIP-based
communication systems, mobile data service creation/handset
technology and wholesale carrier network management to provide a
converged communication solution. Vyke's current set of
mobile-oriented products offers up to a 90% discount compared to
current typical mobile operator pricing structures.
About VYKE MOBILE IP
Vyke Mobile IP is the leading mobile-oriented Voice over IP
(VoIP) service offering users up to 90% discount compared to
typical mobile operator pricing structures. One of the first mass
market mobile VoIP services, launched in April of 2006, Vyke Mobile
IP features mobile oriented sign-up steps, automatic configuration
services and pricing.
About the VYKE product suite
The Vyke suite of communication products features advanced
services providing users with low cost, mobile operator/fixed line
provider independent ways of making voice calls and sending text
messaging from the mobile phone, PC and internet.
Please visit www.vyke.com
This information is provided by RNS
The company news service from the London Stock Exchange
END
MSCSEFEFAFFSEFE
Vyke Communications (LSE:VYKE)
과거 데이터 주식 차트
부터 8월(8) 2024 으로 9월(9) 2024
Vyke Communications (LSE:VYKE)
과거 데이터 주식 차트
부터 9월(9) 2023 으로 9월(9) 2024