We could not find any results for:
Make sure your spelling is correct or try broadening your search.
Register for Free to get streaming real-time quotes, interactive charts, live options flow, and more.
| Share Name | Share Symbol | Market | Type | Share ISIN | Share Description |
|---|---|---|---|---|---|
| Epic Recon | LSE:ERN | London | Ordinary Share | GB0033524850 | ORD 1P |
| Price Change | % Change | Share Price | Bid Price | Offer Price | High Price | Low Price | Open Price | Shares Traded | Last Trade | |
|---|---|---|---|---|---|---|---|---|---|---|
| 0.00 | 0.00% | 51.50 | 0.00 | 01:00:00 |
| Industry Sector | Turnover | Profit | EPS - Basic | PE Ratio | Market Cap |
|---|---|---|---|---|---|
| 0 | 0 | N/A | 0 |
Hot Features
Premium
RNS Number:1071J
EPIC Reconstruction PLC
04 December 2007
COMPANY ANNOUNCEMENT
3rd December 2007
EPIC Reconstruction plc
EPIC Reconstruction Plc ("EPIC Reconstruction Plc" or "the Company") is pleased
to announce the refinancing of portfolio company Past Times. EPIC Reconstruction
Plc acquired Past Times in January 2006. Past Times is a UK based historically
themed gift retailer with 67 stores and is the Company's largest investment. The
business is performing well, with strong like-for-like sales growth and is
currently going through a store rollout program. Following improved performance,
the business has been able to attract new banking facilities from Lloyds Bank. A
new working capital facility of up to #5m has been provided to replace existing
stock financing from SCF and EPIC Reconstruction Plc. Whilst the cash committed
to Past Times by EPIC Reconstruction Plc fluctuates with the annual working
capital cycle of the business, the refinancing will reduce the cash committed by
the Company by c.#2m at any given time. The refinancing has not resulted in an
NAV movement, though EPIC Reconstruction Plc's cash balances have increased
commensurately with a decrease in lending exposure, and reflects the positive
progress being made by Past Times. As at 31 December 2007, EPIC Reconstruction
Plc's cash balances are expected to total c.#4m.
-ends-
Enquiries:
Numis Securities Charles Farquhar
+44 (0) 20 7260 1233
EPIC Private Equity LLP Giles Brand
+44 (0) 20 7553 2341
IoMA Philip Scales
+44 (0) 1624 681 250
Cardew Group Richard Spiegelberg
+44 (0) 20 7930 0777
This information is provided by RNS
The company news service from the London Stock Exchange
END
MSCBGBDDGSGGGRS
1 Year Epic Reconstruction Chart |
1 Month Epic Reconstruction Chart |
It looks like you are not logged in. Click the button below to log in and keep track of your recent history.
Support: +44 (0) 203 8794 460 | support@advfn.com
By accessing the services available at ADVFN you are agreeing to be bound by ADVFN's Terms & Conditions
