JamesMaggs/Whirlybird12 Jun 2009 12:06
Maybe this part hasn't been read by all yet. It seems to be an ammendment of the last, as it states. There is still the question of IF it is granted, but it appears to be the best way forward as the option of liquidation does nobody any favours. Trading conditions are still very bad but if the CBA goes through, it should do them a lot of good. My opinion is that they won't see good figures for another couple of years or so, but this should tide them over until then. RNS Number : 0673T Discover Leisure PLC 29 May 2009
This replaces the announcement released at 7 am on the 29th of May 2009, under RNS No. 9911S.
Under Section 4, Point 1, the eight year term loan has been amended to a five year term loan of £8m secured against the five remaining retail properties and, under Point 3, the text has been changed to read that the full facility documentation will be signed after the approval of the CVA.
If you've all read it, no problem but it's here if you haven't.