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QYM Quayle Munro

590.00
0.00 (0.00%)
25 Jun 2024 - Closed
Delayed by 15 minutes
Share Name Share Symbol Market Type Share ISIN Share Description
Quayle Munro LSE:QYM London Ordinary Share GB0002996717 ORD 10P
  Price Change % Change Share Price Bid Price Offer Price High Price Low Price Open Price Shares Traded Last Trade
  0.00 0.00% 590.00 0.00 01:00:00
Industry Sector Turnover Profit EPS - Basic PE Ratio Market Cap
0 0 N/A 0

Quayle Munro Holdings PLC Refinancing of Morris Group debt facilities (1715I)

28/06/2013 2:10pm

UK Regulatory


Quayle Munro (LSE:QYM)
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RNS Number : 1715I

Quayle Munro Holdings PLC

28 June 2013

28 June 2013

Quayle Munro Holdings PLC ("Quayle Munro")

Refinancing of Morris Group Limited ("Morris" or the "Group") debt facilities

The Board of Quayle Munro is pleased to announce that the housebuilder Morris, in which Quayle Munro is a 23% shareholder, has today completed a refinancing of its existing debt facilities with a GBP185m loan provided by affiliates of GSO Capital Partners LP. As part of this refinancing, Morris has bought back a minority stake in the Group at a price which would imply an equity value for the whole of Morris of approximately GBP48m. However, it is likely that Quayle Munro's investment in Morris will continue to be accounted for using a discount to net tangible assets.

Enquiries:

N+1 Singer

   Jonny Franklin-Adams                                       +44 (0) 20 7496 3000 

Alex Wright

This information is provided by RNS

The company news service from the London Stock Exchange

END

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