nice4 Aug 2017 11:37
RNS from 2 days ago
Following receipt of several approaches, the Group is proceeding, with the support of its existing lenders, with a small number of interested parties in relation to a potential refinancing of the Group. If one of the currently preferred proposals is successful, the Board expects the Group to see a further increase in its level of indebtedness as creditors are brought back into line with normal payment terms. The Board notes that all of the proposals received attribute little value to the equity in the Company. There is no certainty that any of these proposals, or any alternatives, will be ultimately successful.
The Board expects to provide a further update later in August.