Last checked at 11 Apr 2013 17:26
CPPGroup Plc
11 APRIL 2013
UPDATE ON FINANCING
Further to the announcement on 28 March 2013 the Board of CPPGroup Plc ("CPP" or the "Group") today announces that it has agreed a further one week extension to the maturity of the Group's revolving credit facility to 19 April 2013 and continues in constructive discussions with its existing lenders and others in relation to a number of financing and strategic options.
The Board remains focused on reaching an agreed financing solution with a view to ensuring the viability of the Group in the short and longer term, although there can be no certainty that such a solution will be found.
The Board will make further announcements as appropriate in due course.
Enquiries:
CPPGroup Plc
Paul Stobart, Chief Executive Officer
Shaun Parker, Chief Financial Officer
Tel: +44 (0) 1904 544 372
Helen Spivey, Head of Corporate and Investor Communications
Tel: +44 (0) 1904 544387
Tulchan Communications
John Sunnucks
Martin Robinson
Tel: +44 (0) 20 7353 4200