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| Share Name | Share Symbol | Market | Type | Share ISIN | Share Description |
|---|---|---|---|---|---|
| Interserve | LSE:IRV | London | Ordinary Share | GB0001528156 | ORD 0.1P |
| Price Change | % Change | Share Price | Bid Price | Offer Price | High Price | Low Price | Open Price | Shares Traded | Last Trade | |
|---|---|---|---|---|---|---|---|---|---|---|
| 0.00 | 0.00% | 6.30 | 5.795 | 6.30 | 0.00 | 01:00:00 |
| Industry Sector | Turnover | Profit | EPS - Basic | PE Ratio | Market Cap |
|---|---|---|---|---|---|
| 0 | 0 | N/A | 0 |
From Jun 2019 to Jun 2024
TIDMIRV
RNS Number : 5113S
Interserve PLC
11 March 2019
11 March 2019
RESPONSE TO MEDIA REPORTS REGARDING DELEVERAGING PLAN
The Interserve Board notes today's Sky News article and confirms that it has been in discussions with Coltrane and its lenders which have sought to establish the basis on which Coltrane would support the company's restructuring proposal.
Although the Board is seeking to improve the position of all shareholders, there is no certainty that it will be able to do so in the very limited time available.
The only proposal which is currently capable of being implemented is the recommended Deleveraging Plan through which, inter alia, shareholders will retain 5% of the equity of the restructured Interserve with the ability to acquire further equity through the open offer.
Ends
This announcement contains forward-looking statements in respect of Interserve, its group and its Deleveraging Plan. By their nature, these statements involve uncertainty, known and unknown risks and other factors and therefore assurance cannot be given that any particular expectation will be met.
THIS ANNOUNCEMENT CONTAINS INSIDE INFORMATION RELATING TO INTERSERVE PLC.
LEI No: 549300MVYY4EZCRFHZ09
For further information, please contact
Jonathan Refoy +44 (0) 7880 315877
Interserve plc
Martin Robinson +44 (0) 207 3534200
Lisa Jarrett-Kerr
Tulchan Communications
About Interserve
Interserve is one of the world's foremost support services and construction companies. Everything we do is shaped by our core values. We are a leader in innovative and sustainable outcomes for our clients and a great place to work for our people. We offer advice, design, construction, equipment, facilities management and frontline public services. We are headquartered in the UK and FTSE-listed. We have consolidated revenues of GBP2.9bn and a workforce of circa 68,000 people worldwide.
www.interserve.com
This information is provided by RNS, the news service of the London Stock Exchange. RNS is approved by the Financial Conduct Authority to act as a Primary Information Provider in the United Kingdom. Terms and conditions relating to the use and distribution of this information may apply. For further information, please contact rns@lseg.com or visit www.rns.com.
END
STRJBMRTMBTBBIL
(END) Dow Jones Newswires
March 11, 2019 13:27 ET (17:27 GMT)
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