LZYE Group PLC Proposal to Creditors (5123H)
May 19 2014 - 12:01PM
UK Regulatory
TIDMLZYE
RNS Number : 5123H
LZYE Group PLC
19 May 2014
19 May 2014
LZYE Group Plc
("LZYE" or the "Company")
Proposal to Creditors
LZYE Group Plc (AIM: LZYE), the AIM listed company announces
that, as part of a wider restructuring proposal for the Company
that the Board is considering, the Board has sent a letter to
creditors asking them to agree to accept an 80% discount on
balances due from the Company to them.
Creditors have been asked to respond as to whether they accept
or reject this offer by 5:00 pm (GMT+8) on 22May 2014.
The Company will make further announcements as and when
appropriate.
For further information:
LZYE Group Plc
Tel: 00852 2234 6677
Michelle Lai, Chief Executive
This information is provided by RNS
The company news service from the London Stock Exchange
END
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