Update on Financing
July 01 2010 - 11:40AM
UK Regulatory
TIDMSVN
RNS Number : 6841O
Sovereign Reversions PLC
01 July 2010
1 July 2010
SOVEREIGN REVERSIONS PLC
("Sovereign" or the "Company")
UPDATE ON FINANCING
On 5 May 2010 the Company announced that it had received confirmation of bank
credit committee approval, subject to formal documentation, for a two year
extension of its loan facility with Allied Irish Banks due to expire in June
2010. The Board is now pleased to announce that Sovereign has today executed
formal documentation for this facility.
Enquiries:
+------------------------------------------------+----------------+
| Charles Stanley Securities, Nominated adviser | Tel: 020 7149 |
| and broker | 6000 |
+------------------------------------------------+----------------+
| Dugald Carlean / Ben Johnston | |
+------------------------------------------------+----------------+
| | |
+------------------------------------------------+----------------+
| Graeme Marshall, Chief Executive, Sovereign | Tel: 01234 |
| Reversions plc | 356300 |
+------------------------------------------------+----------------+
| | |
+------------------------------------------------+----------------+
| Wriglesworth Consultancy | Tel: 020 7427 |
| Mark Baker/Tom Urpeth | 1400 |
+------------------------------------------------+----------------+
This information is provided by RNS
The company news service from the London Stock Exchange
END
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