IRV.L

Interserve Plc
Interserve PLC - Update on Coltrane Asset Management L.P Proposal
4th March 2019, 18:03
TwitterFacebookLinkedIn
To continue viewing RNS, please confirm that you are a Private Investor*

* A Private Investor is a recipient of the information who meets all of the conditions set out below, the recipient:

  1. Obtains access to the information in a personal capacity;
  2. Is not required to be regulated or supervised by a body concerned with the regulation or supervision of investment or financial services;
  3. Is not currently registered or qualified as a professional securities trader or investment adviser with any national or state exchange, regulatory authority, professional association or recognised professional body;
  4. Does not currently act in any capacity as an investment adviser, whether or not they have at some time been qualified to do so;
  5. Uses the information solely in relation to the management of their personal funds and not as a trader to the public or for the investment of corporate funds;
  6. Does not distribute, republish or otherwise provide any information or derived works to any third party in any manner or use or process information or derived works for any commercial purposes.
RNS Number : 8051R
Interserve PLC
04 March 2019
 

Update on COLTRANE ASSET MANAGEMENT L.P. PROPOSAL

 

Following the announcement of 22 February 2019, the Board has this afternoon received an updated proposal from Coltrane Asset Management L.P., which it is considering.

A further announcement will be made in due course.  In the meantime, the Board remains committed to achieving a consensual deleveraging plan.

 

ENDS

This announcement contains forward-looking statements in respect of the Group and its Deleveraging Plan. By their nature, these statements involve uncertainty, known and unknown risks and other factors and therefore assurance cannot be given that any particular expectation will be met. In particular, while Interserve continues to work towards the implementation of the Deleveraging Plan in the first quarter of 2019, there can be no assurance that the Deleveraging Plan will be implemented unless and until agreements have been reached with several parties and until all conditions are satisfied.

THIS ANNOUNCEMENT CONTAINS INSIDE INFORMATION RELATING TO INTERSERVE PLC.  

LEI: 549300MVYY4EZCRFHZ09

For further information please contact:

Jonathan Refoy                                                +44 (0) 7880 315877
Interserve plc

Martin Robinson                                             +44 (0) 207 3534200
Tulchan Communications                                           

About Interserve
Interserve is one of the world's foremost support services and construction companies. Everything we do is shaped by our core values. We are a leader in innovative and sustainable outcomes for our clients and a great place to work for our people. We offer advice, design, construction, equipment, facilities management and frontline public services. We are headquartered in the UK and FTSE-listed. We have consolidated revenues of £2.9bn and a workforce of circa 68,000 people worldwide.

www.interserve.com

For news follow @interservenews 

 

 


This information is provided by RNS, the news service of the London Stock Exchange. RNS is approved by the Financial Conduct Authority to act as a Primary Information Provider in the United Kingdom. Terms and conditions relating to the use and distribution of this information may apply. For further information, please contact rns@lseg.com or visit www.rns.com.
 
END
 
 
STRCKQDPOBKDCNK ]]>
TwitterFacebookLinkedIn