ACR Abbeycrest

 

TIDMACR 
 
RNS Number : 8095H 
Abbeycrest PLC 
01 March 2010 
 

 
 
 
 
+------------------------------+--------------------------------+ 
| Press release                |                   1 March 2010 | 
+------------------------------+--------------------------------+ 
 
                                 Abbeycrest plc 
                          ("Abbeycrest" or "the Group") 
 
                               Repayment of Loans 
 
 
Abbeycrest plc (LSE: ACR), a leading international jewellery designer and 
manufacturer, is pleased to announce that the Group has paid GBP950,000 to Agilo 
Master Fund ("Agilo") in full and final settlement of all amounts due to Agilo 
and releasing all related security over the Group's assets. 
 
In addition, the Board is also pleased to announce that the Group has now repaid 
in full GBP1.6 million which was due to HMRC and had been subject to a "time to 
pay arrangement" as disclosed in Abbeycrest's Annual Report and Financial 
Statements for the year ended 28 February 2009. 
 
Trading up to the year ended 28 February 2010 continued to be steady and the 
Directors remain confident of the prospects for the Group. 
 
Abbeycrest intends to announce its final results for the year ended 28 February 
2010 towards the end of June 2010. 
 
                                    - Ends - 
For further information: 
+-------------------------------------+---------------------------+ 
| Abbeycrest plc                      |                           | 
+-------------------------------------+---------------------------+ 
| Simon Ashton, Executive Chairman    |  Tel: +44 (0)113 397 0865 | 
+-------------------------------------+---------------------------+ 
|                                     |     www.abbeycrest.co.uk  | 
+-------------------------------------+---------------------------+ 
 
+------------------------------------+----------------------------+ 
| Evolution Securities Limited       |                            | 
+------------------------------------+----------------------------+ 
| Joanne Lake / Peter Steel          |   Tel: +44 (0)113 243 1619 | 
+------------------------------------+----------------------------+ 
| joanne.lake@evosecurities.com      |     www.evosecurities.com  | 
+------------------------------------+----------------------------+ 
 
Media enquiries: 
+-------------------------------------+---------------------------+ 
| Abchurch Communications             |                           | 
+-------------------------------------+---------------------------+ 
| Sarah Hollins / Mark Dixon          | Tel: +44 (0) 20 7398 7729 | 
+-------------------------------------+---------------------------+ 
| mark.dixon@abchurch-group.com       |    www.abchurch-group.com | 
+-------------------------------------+---------------------------+ 
 
 
This information is provided by RNS 
            The company news service from the London Stock Exchange 
   END 
 
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