Infrastructure India plc Liquidity and Financing Update (2817Y)
13 Enero 2022 - 1:00AM
UK Regulatory
TIDMIIP TIDMTTM
RNS Number : 2817Y
Infrastructure India plc
13 January 2022
13 January 2022
Infrastructure India plc
("IIP", the "Company" and together with its subsidiaries the
"Group")
Liquidity and Financing Update
Infrastructure India plc, an AIM quoted infrastructure fund
investing directly into assets in India, announces that, further to
its interim results published on 24 December 2021, in which it
noted that the Company's forecasts indicate that the Company does
not have sufficient cash reserves to meet creditors as they fall
due beyond January 2022, it has agreed with certain creditors that
they will withhold demanding payment for invoices falling due in
January until at least March 2022 (the "Payment Extension").
The Payment Extension provides the Company with cash runway to
the end of February 2022 to source the funding required to ensure
the Group has adequate funding to continue to meet liabilities as
they fall due.
To realise funds within the short term, management continues its
advanced discussions with regard to the sale of IEL. The Group has
received a Letter of Intent signed by a third party with respect to
the sale of IEL and documentation is currently being negotiated.
While the sale will likely occur at a discount to the most recently
stated NAV, the proceeds will provide the Group with additional
runway to pursue the monetisation of other assets, in particular
through the partial or complete sale of DLI.
Further updates on progress will be provided as and when
appropriate.
The information contained within this announcement is deemed by
the Company to constitute inside information as stipulated under
the Market Abuse Regulation (EU) No. 596/2014 as it forms part of
United Kingdom domestic law by virtue of the European Union
(Withdrawal) Act 2018.
Enquiries:
Infrastructure India plc www.iiplc.com
Sonny Lulla Via Novella
Strand Hanson Limited
Nominated Adviser
James Spinney / James Dance +44 (0) 20 7409 3494
Singer Capital Markets
Broker
James Maxwell - Corporate Finance
James Waterlow - Investment Fund Sales +44 (0) 20 7496 3000
Novella
Financial PR
Tim Robertson / Fergus Young +44 (0) 20 3151 7008
This information is provided by RNS, the news service of the
London Stock Exchange. RNS is approved by the Financial Conduct
Authority to act as a Primary Information Provider in the United
Kingdom. Terms and conditions relating to the use and distribution
of this information may apply. For further information, please
contact rns@lseg.com or visit www.rns.com.
RNS may use your IP address to confirm compliance with the terms
and conditions, to analyse how you engage with the information
contained in this communication, and to share such analysis on an
anonymised basis with others as part of our commercial services.
For further information about how RNS and the London Stock Exchange
use the personal data you provide us, please see our Privacy
Policy.
END
MSCBTMBTMTBBTFT
(END) Dow Jones Newswires
January 13, 2022 02:00 ET (07:00 GMT)
Infrastructure India Plc... (AQSE:IIP.GB)
Gráfica de Acción Histórica
De May 2024 a Jun 2024
Infrastructure India Plc... (AQSE:IIP.GB)
Gráfica de Acción Histórica
De Jun 2023 a Jun 2024