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Share Name | Share Symbol | Market | Type | Share ISIN | Share Description |
---|---|---|---|---|---|
IN House | LSE:IHGP | London | Ordinary Share | GB00B3Y0R059 | 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% | 14.00 | 0.00 | 01:00:00 |
Industry Sector | Turnover | Profit | EPS - Basic | PE Ratio | Market Cap |
---|---|---|---|---|---|
0 | 0 | N/A | 0 |
TIDMIHGP For immediate release 31 March2009 In House Group Plc ("In House" or the "Company") Trading Update The Board of In House announces that the Company has been in regular discussions with the Dunfermline Building Society ("Dunfermline"), which indicated in its latest update to the Company that it expected the existing facilities to continue to their expiration (the first occurring in August 2010). After this the Company does not expect the facilities to be renewed. Clearly, the management of the facilities is now out of the Dunfermline's hands, due to the recent change in ownership, and therefore the Company awaits information from the new managers. The Company have maintained its interest payments on time every month and have no formal breaches or demand letters issued from the Dunfermline. The Company is also in discussions with several investors with a view to completing a refinancing of In House to ensure it can complete the refurbishment of the properties as referred to in the Interim Review and, indeed, exploit new acquisition opportunities as and when they arise. The Company expects to be able to update the market with more details of this shortly. The Company is pleased to announce a new framework deal with Jomast Properties, a direct government agency, for the provision of accommodation. In House Group have apportioned a majority of the Stockton Upon Tees properties to Jomast on the basis of a 2 year contract until 2011. This gives added security to the portfolio going forward and allows the Company to concentrate on its other property assets. Jomast have signed up for one property initially although the Company expects this to be rolled out across the remaining Stockton Upon Tees properties, amounting to 53 Units, shortly. For further information please contact: Marcus Cassidy, CEO, In House Group Plc, Tel: 0845 061 9999, Email: mcassidy@ihgroup.co.uk Sergio Pani, Ulysses, Tel: 0845 3452 705, Email: sergio@ulyssesmarketing.com Roland Cornish, Beaumont Cornish Limited, Tel: 0207 628 3396 END
1 Year IN House Chart |
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