Continuation vote - update

RNS Number : 4663F

Utilico Emerging Markets Limited

24 April 2014

 



Utilico Emerging Markets Limited

Continuation vote - update

Utilico Emerging Markets Limited (the "Company") announces that it has decided not to proceed with the issue of sterling denominated secured bonds and associated continuation vote proposals announced on 10 April 2014.

Following that announcement, the Company has consulted with major shareholders and has agreed to leave the capital and leverage structure unchanged and therefore, despite strong interest from potential bond investors, does not intend to proceed with the bond offering. The Company will continue to utilise borrowings solely in the form of its bank debt funding and to that end has extended its £50 million facility with Scotiabank Europe by a further two years to 30 April 2016.

24 April 2014

For further information please contact:

ICM Limited

Charles Jillings

01372 271486

Westhouse Securities Limited

Alastair Moreton

Hannah Young

Darren Vickers

0207 601 6118

 

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