Abrdn Property Regulatory News (API)

28 Nov 2007 11:51

API Group PLC28 November 2007 API Group plc28 November 2007 For Immediate Release28 November 2007 API Group plc (the "Company") Announcement re: Share Price The Board of API Group plc notes the recent fall in the Company's share price.Following the trading update on 19 October 2007, the Board has progresseddiscussions with its advisers and its banks towards a resolution of the fundingissues previously announced. Key stakeholders continue to be highly supportiveand the solution may take the form of a renegotiation of the Company's bankingfacilities and/or an equity issue. These discussions are continuing in apositive and constructive manner and a further announcement will be made once asolution has been agreed. Ends Enquiries Andrew Turner, Group Chief Executive Officer, 01625 858700API Group plc Tim Spratt / Nicola Biles 020 7831 3113Financial Dynamics James Serjeant 020 7260 1309Numis Securities Ltd This information is provided by RNS The company news service from the London Stock Exchange