6 Jul 2017 07:00
This announcement contains Inside Information
Entu (UK) plc
Strategic Review
Entu (UK) plc, ("Entu" or the "Company" or the "Group"), the home improvement group providing energy efficiency products and services to homeowners and businesses in the UK, announces that its Board is undertaking a strategic review.
The strategic review is being undertaken to ensure the action plan, as announced in the trading update on 14 June 2017, is delivered efficiently and in a suitable timescale. The Group has a detailed plan to reduce costs, improve operational efficiency, leverage its supply chain, improve cash collection and strengthen controls and is making progress on each of these fronts.
As part of the strategic review, the Directors are exploring options for new long term financing, and to strengthen the balance sheet, in order to support the Group's action plan. KPMG have been engaged to assist with this process which, alongside debt or debt and equity refinancing, will include establishing interest in certain parts of the Group.
ENQUIRIES
entu Ian Blackhurst, Chief Executive Officer Neill Skinner, Chief Financial Officer
| 020 7457 2020 |
Zeus Capital Limited (Nomad & Broker) Andrew Jones / Dan Bate John Goold / Dominic King
| 020 3829 5000
|
Instinctif Partners (Public Relations) Helen Tarbet James Gray | 020 7457 2020 |