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Update on Financing

8 Feb 2011 15:47

RNS Number : 8913A

AssetCo PLC

08 February 2011

8 February 2011

As announced in the Group's interim results published on 13th December 2010, the Group has been in negotiations to restructure its non recourse asset financing and associated shorter term debt requirement. Whilst these negotiations remain ongoing, they have proved more protracted than the Board had anticipated. The Board is continuing to pursue various alternatives to satisfy its debt requirements, including a shorter term debt requirement of approximately £4 million.

Enquiries:

AssetCo plc	+44 (0) 20 8515 3999
John Shannon, Chief Executive Officer
Scott Brown, Finance Director

Arden Partners plc	+44 (0) 20 7614 5932
Richard Day
Adrian Trimmings

Cadogan PR	+44 (0) 7771713608
Alex Walters

This information is provided by RNS

The company news service from the London Stock Exchange

END

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