Punch Taverns Receives Final Approval For Restructuring Proposals
08 October 2014 - 12:51AM
Dow Jones News
LONDON--Pub company Punch Taverns PLC (PUB.LN) Tuesday said
Royal Bank of Scotland Group PLC (RBS.LN) has consented to its
restructuring proposals.
"All shareholder, noteholder and secularization creditor
approvals have now been obtained and completion of the
restructuring is expected to become effective on 8 October 2014,"
Punch said.
Shares at 1319 GMT, unchanged at 9 pence valuing the company at
GBP59.9 million ($95.8 million).
-Write to Rory Gallivan at rory.gallivan@wsj.com; Twitter:
@RoryGallivan
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