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Company Update

23 Feb 2011 07:00

RNS Number : 6848B

AssetCo PLC

23 February 2011

23/02/2011

AssetCo PLC ("the Company")

Company Update

Further to the announcements made by the Company on 14 and 21 February 2011, the Company announces that the Group continues to pursue its discussions with various parties with regard to addressing the short term funding and liquidity issues facing the Group.

The Group continues to have the support of its principal banks and creditors. In order for the proposed equity placing to proceed, the Group will need to obtain waivers of the existing technical breaches of the banking facilities referred to in the announcement made on 14 February 2011 and the Company is confident that these waivers will be obtained.

Enquiries:

AssetCo plc	+44 (0) 20 8515 3999
John Shannon, Chief Executive Officer
Tim Wightman, Chairman
Arden Partners plc	+44 (0) 20 7614 5917
Richard Day
Adrian Trimmings
Cadogan PR	+44 (0) 7771713608
Alex Walters
Emma Wigan

This information is provided by RNS

The company news service from the London Stock Exchange

END

MSCXLLLLFLFXBBF

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29th May 2008	7:00 am	RNS	Preliminary Results
25th Apr 2008	7:01 am	RNS	Contract Win
23rd Apr 2008	7:01 am	RNS	Approved Centre Status
7th Apr 2008	12:25 pm	RNS	Director / PDMR Shareholding
31st Mar 2008	7:01 am	RNS	Trading Update
11th Mar 2008	7:02 am	RNS	Independent Survey
11th Mar 2008	7:02 am	RNS	Acquisition of RIG Systems
15th Feb 2008	5:15 pm	RNS	Shareholding
15th Feb 2008	7:01 am	RNS	New Managing Director
7th Feb 2008	12:00 pm	RNS	Result of the cash placing
7th Feb 2008	7:01 am	RNS	Trading Update and Placing
5th Feb 2008	7:01 am	RNS	Strengthens Management Team
4th Feb 2008	7:01 am	RNS	Appointment of Joint Broker
31st Jan 2008	11:00 am	RNS	Directorate Change
28th Dec 2007	3:27 pm	RNS	Director/PDMR Shareholding
27th Dec 2007	7:54 am	RNS	Additional Listing
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29th Nov 2007	7:01 am	RNS	Interim Results
22nd Oct 2007	4:33 pm	RNS	Holding(s) in Company
27th Sep 2007	7:03 am	RNS	Trading Update
21st Aug 2007	10:08 am	RNS	Director/PDMR Shareholding
20th Aug 2007	7:01 am	RNS	Appointment
17th Aug 2007	4:48 pm	RNS	AIM Rule 26
31st Jul 2007	7:01 am	RNS	AGM Statement
6th Jul 2007	11:01 am	RNS	Holding(s) in Company
5th Jul 2007	7:00 am	RNS	Notice of AGM
28th Jun 2007	7:02 am	RNS	Results
27th Jun 2007	12:54 pm	RNS	Holding(s) in Company
4th Jun 2007	7:00 am	RNS	Notification of Results
16th May 2007	2:09 pm	RNS	Additional Listing
27th Apr 2007	6:05 pm	RNS	Director/PDMR Shareholding
20th Apr 2007	4:30 pm	RNS	Director/PDMR Shareholding
18th Apr 2007	11:39 am	RNS	Holding(s) in Company
18th Apr 2007	11:32 am	RNS	Holding(s) in Company
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10th Apr 2007	12:00 pm	RNS	Holding(s) in Company
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29th Mar 2007	11:31 am	RNS	Results of EGM
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7th Dec 2006	5:33 pm	RNS	Dividend Declaration
29th Nov 2006	7:01 am	RNS	Interim Results
15th Nov 2006	7:02 am	RNS	Notice of Results
2nd Oct 2006	7:01 am	RNS	Property Sale and Leaseback
25th Jul 2006	7:00 am	RNS	Maintenance Contract
18th Jul 2006	3:41 pm	RNS	AGM and Trading Update

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