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Company AEA Technology Group PLC TIDM AAT Headline Update on Banking Facilities Released 07:00 30-Oct-2012 Number 7755P07
RNS Number: 7755P
AEA Technology Group PLC
30 October 2012
On 6 August 2012, the Company announced that it had entered
into a facility agreement with the Lloyds TSB Bank plc (the
"Bank") for additional short term funding of £5
million on a secured basis through to the end of October
2012. As announced previously, the additional funding has
allowed the Board to continue its consideration of all
strategic options to realise value and the Board remains
in
on-going and constructive discussions with a number of
interested parties.
Given these on-going discussions the Bank remains supportive
of the Company while it continues its consideration of all
strategic options.
Notwithstanding this on-going process and related
discussions, as previously announced, the Board remains of
the view that such strategic options would result in little
or no value for shareholders.
The Company will provide a further update in due course.
For further information: IR Focus
Neville Harris nharris@irfocus.co.uk
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