RNS Number:6712I
API Group PLC
28 November 2007


API Group plc
28 November 2007

For Immediate Release
28 November 2007

                         API Group plc (the "Company")

                          Announcement re: Share Price


The Board of API Group plc notes the recent fall in the Company's share price.
Following the trading update on 19 October 2007, the Board has progressed
discussions with its advisers and its banks towards a resolution of the funding
issues previously announced. Key stakeholders continue to be highly supportive
and the solution may take the form of a renegotiation of the Company's banking
facilities and/or an equity issue. These discussions are continuing in a
positive and constructive manner and a further announcement will be made once a
solution has been agreed.



Ends

Enquiries

Andrew Turner, Group Chief Executive Officer,                   01625 858700
API Group plc

Tim Spratt / Nicola Biles                                       020 7831 3113
Financial Dynamics

James Serjeant                                                  020 7260 1309
Numis Securities Ltd



                      This information is provided by RNS
            The company news service from the London Stock Exchange
END
SPMDGMZMMRLGNZM
Abrdn Property Income (LSE:API)
Historical Stock Chart
From Jun 2024 to Jul 2024 Click Here for more Abrdn Property Income Charts.
Abrdn Property Income (LSE:API)
Historical Stock Chart
From Jul 2023 to Jul 2024 Click Here for more Abrdn Property Income Charts.