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Share Name | Share Symbol | Market | Type | Share ISIN | Share Description |
---|---|---|---|---|---|
Eatonfield | LSE:EFD | London | Ordinary Share | GB00B1FQDQ64 | 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% | 0.20 | 0.00 | 01:00:00 |
Industry Sector | Turnover | Profit | EPS - Basic | PE Ratio | Market Cap |
---|---|---|---|---|---|
0 | 0 | N/A | 0 |
TIDMEFD
RNS Number : 2330Y
Eatonfield Group plc
20 December 2010
20 December 2010
Eatonfield Group plc
("Eatonfield" or "the Group")
Working capital funding update
On 16 November 2010, the board of Eatonfield announced that the Group had sufficient working capital funding through to mid December 2010. Eatonfield continues to defer payment of amounts due to certain of its senior lenders and trade creditors to a later date. On the basis that the relevant lenders and trade creditors do not demand payment in the short-term and that Eatonfield continues to receive their support, the board now expects that the Company's existing financial resources will provide it with sufficient working capital funding until late January 2011.
The board confirms that the previously notified discussions with the Group's lenders are ongoing as at the date of this announcement, as are discussions regarding the disposal of certain of its land asset and plans for a further equity raise. The board also confirms that all of the Group's existing bank facilities remain available at the date of this announcement.
For further information please contact:
Eatonfield Group plc Tel: +44 (0)1829 261 910 Brian Corfe (Executive Chairman) Rob Lloyd (Group Chief Executive) Duncan Syers (Group Finance Director) Evolution Securities Limited Tel: +44 (0)113 243 1619 Joanne Lake/Peter Steel Optiva Securities Limited Tel: +44 (0)203 137 1904 Jeremy King Threadneedle Communications Tel: +44 (0)207 653 9850 Graham Herring/John Coles
End
This information is provided by RNS
The company news service from the London Stock Exchange
END
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