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Rivington Strt Hold (RIVP)

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Friday 08 June, 2012

Rivington Strt Hold

Designcapital plc

RNS Number : 9979E
Rivington Street Holdings
08 June 2012
 



 

 

RIVINGTON STREET HOLDINGS PLC

 

PLUS: RIVP

 

("RSH" or "The Company")

 

Statement concerning Designcapital PLC ("Designcapital")

 

It has come to the attention of RSH that on 31 January 2012 Designcapital released an announcement including a statement that:

 

"T1ps Investment Management Limited, a shareholder in [Designcapital PLC], provided a guarantee to the Company to make available funds of up to £250,000 on an interest free and unsecured basis should the Company be unable to meet its financial obligations from its own resources."

 

The Board of Directors of RSH wishes to make clear that T1ps Investment Management Limited ("TIMS") itself has not provided a guarantee to Designcapital PLC.

 

Following legal advice on the matter, the Company has now notified Designcapital that TIMS is not bound by the purported guarantee and any attempt by Designcapital to seek funds from TIMS under such purported guarantee will be rejected.

 

TIMS has never been a shareholder of Designcapital although a fund previously managed by TIMS as at that date was. 

 

- Ends -

 

Enquiries

 

Rivington Street Holdings

Mark Robertson

Tel No: 020 7392 1302

 

Beaumont Cornish Limited

Roland Cornish and James Biddle

Tel No: 020 7628 3396

 

Bishopsgate Communications

Nick Rome

Tel No: 020 7562 3350

 

 

 

 

 


This information is provided by RNS
The company news service from the London Stock Exchange
 
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