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Share Name | Share Symbol | Market | Type | Share ISIN | Share Description |
---|---|---|---|---|---|
Gaskell | LSE:GKLL | London | Ordinary Share | GB0004320452 | ORD 5P |
Price Change | % Change | Share Price | Bid Price | Offer Price | High Price | Low Price | Open Price | Shares Traded | Last Trade | |
---|---|---|---|---|---|---|---|---|---|---|
0.00 | 0.00% | 0.00 | - |
Industry Sector | Turnover | Profit | EPS - Basic | PE Ratio | Market Cap |
---|---|---|---|---|---|
0 | 0 | N/A | 0 |
RNS Number:4803F Gaskell PLC 23 December 2002 Issued on behalf of Gaskell PLC Date: Monday, 23 December 2002 Embargoed: 7.00am Gaskell PLC ("Gaskell" or "the Group") Trading Update In the interim results released on 18 September 2002 Gaskell announced that it had been negotiating its banking facilities on a short term basis and as at that date Gaskell had borrowing facilities in place until 31 December 2002. The Group's bankers have now indicated that the Group's current facilities will be available until January 31 2003 and have further agreed to defer an #850,000 medium term loan repayment due on December 31 2002 until January 31 2003. The agreement of facilities beyond January 2003 will be dependent upon progress with negotiations relating to the disposals outlined below. In order to reduce its high levels of borrowings and to tackle the significant ongoing pension deficits, shareholders will be aware that Gaskell has been undergoing a wide ranging restructuring exercise over the past year in order to secure a future for the Group which is in the best interests of shareholders and stakeholders alike. Since last updating shareholders in the interim results the Group has been negotiating with a number of parties for the sale of further assets and businesses. None of these disposals will be completed prior to the end of the year but, in light of the Group's financial situation, Gaskell is looking to conclude them as soon as possible. Shareholders will be kept informed of developments as appropriate. Enquiries: Gerry Wheeler, Chief Executive Richard Hopkin, Group Finance Director Alan Cooke, Account Manager Gaskell PLC Citigate Dewe Rogerson Tel: 01254 236222 Tel: 0121 455 8370 This information is provided by RNS The company news service from the London Stock Exchange END TSTPUGCWPUPPGRU
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