Update
03 Juin 2010 - 11:17AM
UK Regulatory
TIDMVTS
RNS Number : 0053N
Vantis PLC
03 June 2010
3 June 2010
Vantis plc ("Vantis" or "the Company")
Update
The Board of Vantis announces that, as part of its ongoing plan to reduce the
Company's level of debt, it is reviewing a number of alternative courses of
action including progressing negotiations with potential investors as well as
entering into preliminary discussions with its debt providers regarding a
potential restructuring of the Company's balance sheet to reduce the level of
debt outstanding to a more suitable level.
Negotiations with both investors and the Company's banks are at an early stage
and there can be no certainty as to the impact on current shareholders or the
terms of any agreement which may be reached.
The Company's banks have confirmed their support for the Board's exploration of
options to improve the Company's financial position.
A further announcement will be made as appropriate.
Enquires:
Vantis Plc
Tel: 020 7417 0417
Paul Jackson, Chief Executive
Stephen Smith, Interim Finance Director
Investec Investment Banking
Tel: 020 7597 5970
Martin Smith
Buchanan Communications Tel:
020 7466 5000
Richard Darby
James Strong
Chris McMahon
This information is provided by RNS
The company news service from the London Stock Exchange
END
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