ACR Abbeycrest

 

TIDMACR 
 
RNS Number : 9495O 
Abbeycrest PLC 
17 March 2009 
 

ABBEYCREST PLC ("Abbeycrest" or "the Group") 
 
 
Re REFINANCING 
 
 
 
 
The board of Abbeycrest, the UK's leading jewellery designer and manufacturer, 
is pleased to announce that the Group has successfully renewed all of its 
UK borrowing facilities, including those with its senior creditor, Burdale 
Financial Limited ("Burdale"). Burdale is providing an GBP8 million facility to 
fund the Group's UK operations. The facility is secured primarily on the 
Group's UK stock and debtors and will expire in March 2011. The Chairman of 
Abbeycrest, Simon Ashton, said: "The renewal of these facilities is welcome news 
against a backdrop of difficult credit market conditions. We are now in a 
position to focus on delivering our restructuring plans for the Group and 
creating a viable and sustainable business as a solid platform for future 
growth". 
 
 
For further information, please contact: 
 
 
Simon Ashton 
Chairman 
Abbeycrest plc 
Telephone: 0113 284 5702 
 
 
 
 
Joanne Lake 
Evolution Securities Limited 
Telephone: 0113 243 1619 
 
 
END 
 
 
 
This information is provided by RNS 
            The company news service from the London Stock Exchange 
   END 
 
 MSCDQLFFKXBLBBQ 
 

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