Intu Properties PLC - Update on Creditor Discussions
THIS ANNOUNCEMENT CONTAINS INSIDE INFORMATION
FOR IMMEDIATE RELEASE
UPDATE ON CREDITOR DISCUSSIONS
Since that update, discussions have continued with the intu Group's creditors in relation to the terms of standstill-based agreements. Unfortunately, insufficient alignment and agreement has been achieved on such terms.
The Board is therefore considering the position of intu with a view to protecting the interests of its stakeholders. This is likely to involve the appointment of administrators.
A further announcement will be made as soon as possible.
The person responsible for arranging the release of this announcement is
intu properties plc
SA: Frédéric Cornet, Instinctif Partners +27 (0)11 447 3030
This information is provided by RNS, the news service of the
Quick facts: Intu Properties PLC
Market Cap: -
NO INVESTMENT ADVICE
The Company is a publisher. You understand and agree that no content published on the Site constitutes a recommendation that any particular security, portfolio of securities, transaction, or investment strategy is...FOR OUR FULL DISCLAIMER CLICK HERE