ACR Abbeycrest

TIDMACR

RNS Number : 0673T

Abbeycrest PLC

30 November 2011

 
 Press release   30 November 2011 
 

Abbeycrest plc

("Abbeycrest" or "the Group")

Funding update

On 31 October 2011, the board of Abbeycrest announced that the Group needed to either extend its current banking facilities or reduce its working capital requirement by GBP0.2m in November 2011. The board has managed its working capital position to ensure that the Group has remained within its existing facility limits during the month. The Group's current cashflow forecasts indicate that the Group may again need to manage its working capital requirement during January 2012 and the board is currently reviewing options available in order to achieve this.

For further information:

 
 Abbeycrest plc                     Tel: +44 (0)113 397 0864 
 Simon Ashton, Executive Chairman   www.abbeycrest.co.uk 
 
 Evolution Securities Limited       Tel: +44 (0)113 243 1619 
 Joanne Lake/Peter Steel            www.evosecurities.com 
 
 Rawlings Financial PR Limited      Tel: +44 (0)1653 618 016 
 Catriona Valentine                 www.rawlingsfinancial.co.uk 
 

This information is provided by RNS

The company news service from the London Stock Exchange

END

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