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| Share Name | Share Symbol | Market | Type | Share ISIN | Share Description |
|---|---|---|---|---|---|
| Carillion Plc | LSE:CLLN | London | Ordinary Share | GB0007365546 | ORD 50P |
| Price Change | % Change | Share Price | Bid Price | Offer Price | High Price | Low Price | Open Price | Shares Traded | Last Trade | |
|---|---|---|---|---|---|---|---|---|---|---|
| 0.00 | 0.00% | 14.20 | 0.00 | 01:00:00 |
| Industry Sector | Turnover | Profit | EPS - Basic | PE Ratio | Market Cap |
|---|---|---|---|---|---|
| 0 | 0 | N/A | 0 |
From Apr 2019 to Apr 2024
TIDM85VK TIDMCLLN
RNS Number : 5371J
Aspire Defence Finance PLC
03 April 2018
Update regarding liquidation of Carillion plc
Aspire Defence Finance plc (the "Company"), the Issuer for Project Allenby/Connaught (the "Project"), wishes to update its Series A and Series B Bondholders further to its various announcements concerning the impact of the compulsory liquidation of Carillion plc ("Carillion") on the Project.
The Project continues to deliver services and the construction of the Army Basing Programme Works as normal.
As noted in the Company's announcement dated 29 January 2018, the liquidation of Carillion has caused a potential event of default as such term is defined in the Project's financing documents. Pursuant to those financing arrangements the Company is obliged to pay returns to its capital providers every 31 March and 30 September.
Therefore, the Company wishes to record it has made senior debt service payments of approximately GBP49.1m today, being the first business day following the scheduled payment date. The Company has also made payments to junior capital today following approval from Ambac Assurance UK Limited and Assured Guaranty (UK) plc, the monoline insurers of the Series A and Series B Bonds, in their role as the controlling creditors.
The Company will continue to provide further updates as appropriate.
By order of the Board,
Angus McColl
Company Secretary
3 April 2018
This information is provided by RNS
The company news service from the London Stock Exchange
END
MSCFKBDDDBKBQQK
(END) Dow Jones Newswires
April 03, 2018 02:30 ET (06:30 GMT)
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