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Name | Symbol | Market | Type |
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Citi Fun 24 | LSE:BD25 | London | Medium Term Loan |
Price Change | % Change | Price | Bid Price | Offer Price | High Price | Low Price | Open Price | Traded | Last Trade | |
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0.00 | 0.00% | 0 | - |
TIDMBD25 RNS Number : 6376P Ashpol PLC 27 March 2009 FOR IMMEDIATE RELEASE NOT FOR RELEASE, PUBLICATION OR DISTRIBUTION, IN WHOLE OR IN PART, IN, INTO OR FROM THE UNITED STATES OF AMERICA OR ANY OTHER JURISDICTION WHERE TO DO SO WOULD CONSTITUTE A VIOLATION OF THE RELEVANT LAWS OF SUCH JURISDICTION 27 March 2009 Ashpol PLC (the "Company") GBP75,000,000 10.75% First Mortgage Debenture Stock 2025 (the "Stock") As announced on 23 January 2009, one of the properties in the Company's portfolio, the Nortel Complex in Harlow (the "Property"), is let at a rent of GBP5.4 million per annum to Nortel Networks UK Limited ("NNUK") and guaranteed by Nortel Networks Limited ("NNL"). NNUK obtained an administration order from the English High Court of Justice under the Insolvency Act 1986. NNL, which is incorporated in Canada, obtained an order from the Ontario Superior Court of Justice for creditor protection pursuant to the provisions of the Companies' Creditors Arrangement Act. The Company announces that it has received the rent for the Property for the quarter beginning 25th March from NNUK's administrator as a cost of administration. NNUK remains in administration. The Company is being advised by Fenchurch Advisory Partners in relation to the Stock. Contacts: Fenchurch Advisory Partners Tel: 020 7382 2222 Richard Locke Graham Marchant Fenchurch Advisory Partners Limited ("Fenchurch Advisory Partners"), which is authorised and regulated in the United Kingdom by the Financial Services Authority, is acting exclusively for the Company and no-one else in connection with the Stock and will not be responsible to anyone other than the Company for providing the protections afforded to customers of Fenchurch Advisory Partners or for providing advice in relation to the Stock or in relation to the contents of this announcement. This information is provided by RNS The company news service from the London Stock Exchange END STRPUURUWUPBGAM
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