AGM Statement
12 March 2009 - 7:00PM
UK Regulatory
TIDMPAYZ
RNS Number : 7268O
Payzone plc
12 March 2009
Payzone plc ("Payzone" or the "Company")
AGM Statement
Payzone will hold its Annual General Meeting at 11.00 am today at 70 Sir John
Rogerson's Quay, Dublin 2. This will be Payzone's first AGM since the company
was formed through the merger of Alphyra and Cardpoint plc in December 2007. At
the meeting Peter Smyth, Chairman of Payzone, will make the following statement:
"The Company maintains an active dialogue with its debt providers who remain
supportive of the business and the Company is currently in compliance with its
banking covenants. Given the current challenging market conditions the Company
has instigated discussions with its finance providers covering a range of
financing options with a view to establishing a more appropriate long term
capital structure for the Company. The discussions are expected to continue for
several weeks and are likely to result in changes to the Company's existing
financing arrangements. We will provide further information on progress in due
course."
Enquiries
+------------------------------------+------------------------+
| Company | Tel: +353 1 207 6600 |
| Mike Maloney / Nigel Bell | Tel: +44 20 7459 3600 |
| Nominated Adviser and Broker to | |
| Payzone | |
| Panmure Gordon (UK) Limited | |
| Hugh Morgan | |
| Stuart Gledhill | |
| | |
+------------------------------------+------------------------+
| Media Enquiries | Tel: +44 (0)20 7250 |
| Powerscourt | 1446 |
| Rory Godson | |
| Paul Durman | |
| Keith Brookbank | |
+------------------------------------+------------------------+
This information is provided by RNS
The company news service from the London Stock Exchange
END
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