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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 |
TIDMQYM
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
MSCUWROROBANUAR
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