AEA Technology Group PLC Update on Banking Facilities (7755P)

TIDMAAT

RNS Number : 7755P

AEA Technology Group PLC

30 October 2012

AEA TECHNOLOGY GROUP PLC (the "Company")

Update on Banking Facilities

On 6 August 2012, the Company announced that it had entered into a facility agreement with the Lloyds TSB Bank plc (the "Bank") for additional short term funding of GBP5 million on a secured basis through to the end of October 2012. As announced previously, the additional funding has allowed the Board to continue its consideration of all strategic options to realise value and the Board remains in on-going and constructive discussions with a number of interested parties.

Given these on-going discussions the Bank remains supportive of the Company while it continues its consideration of all strategic options.

Notwithstanding this on-going process and related discussions, as previously announced, the Board remains of the view that such strategic options would result in little or no value for shareholders.

The Company will provide a further update in due course.

For further information:

 
 
 IR Focus 
 Neville Harris   [e-mail] 
 

This information is provided by RNS

The company news service from the London Stock Exchange

END

MSCBKCDDQBDDCKB