8 Dec 2015 07:01
8th December 2015
Withdrawal of Consent Solicitation
Enterprise Inns plc (the "Company") announces today that it is withdrawing its invitation to holders of its secured bonds (the "Bonds") to consent to certain amendments to the trust deeds of those Bonds as set out in the Company's announcement of 17 November 2015.
The Company is pleased that it received support for the proposals from a substantial majority of the bondholders involved in the process. However, the consent fee likely to be required to deliver the agreement of all bondholders necessary to secure agreement across all five bonds would not represent good economic value and so the Company has decided to withdraw the proposals. The Company's ability to execute its strategic objectives is unaffected by this withdrawal.
Enquiries: Neil Smith, Chief Financial Officer 0121 733 7700
Tulchan Communications, Jonathan Sibun 0207 353 4200