Hawkwing PLC Update on Hawkwing loan to IFG (2427E)
27 October 2022 - 3:26AM
UK Regulatory
TIDMHNG
RNS Number : 2427E
Hawkwing PLC
26 October 2022
26 October 2022
Hawkwing plc
("Hawkwing" or the "Company")
Update on Hawkwing loan to IFG
The Company has been advised that liquidators have been
appointed to IFG (SPP) Limited ("IFGS"). IFGS currently owes the
Company GBP13.7m together with interest, costs and exit premiums.
The Company has a first fixed and floating charge over all the
assets of IFGS and its subsidiaries. Neither of the subsidiary
companies are in liquidation.
The Company is currently assessing its options and the steps it
should be taking to protect its position following IFGS'
liquidation.
The Company will give a further update to the market in due
course.
Enquiries:
Hawkwing plc
Keith Sadler Senior Independent Non-Executive
Director +44 (0)20 4582 3500
Gracechurch Group
Harry Chathli, Alexis Gore +44 (0)20 4582 3500
About Hawkwing plc
For more information, please refer to the Company's website:
www.hawkwing.co
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October 26, 2022 12:26 ET (16:26 GMT)
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