AEA Technology Group PLC Update on Banking Facilities (3636J)

TIDMAAT

RNS Number : 3636J

AEA Technology Group PLC

06 August 2012

AEA TECHNOLOGY GROUP PLC (the "Company" or the "Group")

Update on Banking Facilities

On 1 August 2012 the Company announced that it had reached agreement in principle with Lloyds TSB Bank plc (the "Bank") regarding the provision of a new secured short term funding facility of GBP5 million through to the end of October 2012.

The Company is pleased to announce today that it has formally entered into this facility with the Bank.

The Board continues to consider all strategic options to realise value and remains in ongoing discussions with a number of interested parties. The Board will provide further updates in due course.

As previously announced the Board does not envisage there will be offers for the share capital of the Company and the Board remains of the view that such options will result in little or no value for shareholders.

For further information:

 
 AEA Technology Group plc    0870 190 8137 
 Dr Paul Golby, Chairman 
 John Lowry, Interim CEO 
 Kevin Higginson, CFO 
 
 IR Focus                    020 7593 4015 
 Neville Harris 
 

This information is provided by RNS

The company news service from the London Stock Exchange

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