AXD Alexandra

 

TIDMAXD 
 
RNS Number : 4337C 
Alexandra PLC 
12 November 2009 
 

For immediate release 
                                     12 November 2009 
Alexandra plc ("The Company") 
 Re: Debentures 
In the Company's interim announcement on 30 September 2009 it was confirmed that 
the Company was in discussions with its existing bankers to re-negotiate its 
existing facilities to be more aligned to its future requirements. 
Although these discussions are still on-going, the Company is pleased to 
announce that it has agreed certain amendments to its existing facilities and 
has put in place debentures with its current bankers and the Company's pension 
scheme to secure all outstanding and future indebtedness under these facilities. 
 
Funding of approximately GBP40m, including trade finance, is now available to 
the Company. Whilst the level of utilisation varies daily, as at close of 
business on the 9th November 2009 approximately GBP35m was drawn down or 
committed. The next formal review date of the facilities is 31 December 2009. 
Although they remain repayable on demand, the Board anticipates these facilities 
will be extended. 
 
 As part of the ongoing operational review of the 
Company's business, the Board is pursuing all strategic options to reduce its 
borrowings and put in place an appropriate funding and capital structure for the 
longer term. 
 
 
Further updates will be announced in due course." 
 
 
Enquiries: 
Tim Gifford, Group Chief Executive 
Elaine New, Group Finance Director 
Alexandra plc Tel: 01454 416600 
 
 
Richard Day 
Arden Partners plc Tel: 020 7398 1600 
 
 
Paul Vann/Tom Cooper 
Winningtons Financial Tel: 0117 920 0092 or 07768 807631 
 
 
 
 
 
 
 
 
 
 
Relevant Securities in Issue 
In accordance with Rule 2.10 of the City Code on 
Takeovers and Mergers, Alexandra plc confirms that it has 33,409,654 ordinary 
shares of 10 pence each in issue. The International Securities Identification 
Number for the ordinary shares is GB0000143353. 
 
Dealing Disclosure 
Requirements 
Under the provisions of Rule 8.3 of the Takeover Code (the 
"Code"), if any person is, or becomes, "interested" (directly or indirectly) in 
1% or more of any class of "relevant securities" of the Company, all "dealings" 
in any "relevant securities" of the Company (including by means of an option in 
respect of, or a derivative referenced to, any such "relevant securities") must 
be publicly disclosed by no later than 3.30 pm (London time) on the London 
business day following the date of the relevant transaction. This requirement 
will continue until the date on which the offer becomes, or is declared, 
unconditional as to acceptances, lapses or is otherwise withdrawn or on which 
the "offer period" otherwise ends. If two or more persons act together pursuant 
to an agreement or understanding, whether formal or informal, to acquire an 
"interest" in "relevant securities" of the Company, they will be deemed to be a 
single person for the purpose of Rule 8.3. 
 
Under the provisions of Rule 
8.1 of the Code, all "dealings" in "relevant securities" of the Company by the 
offeror or the offeree company, or by any of their respective "associates", must 
be disclosed by no later than 12.00 noon (London time) on the London business 
day following the date of the relevant transaction. 
 
A disclosure table, 
giving details of the companies in whose "relevant securities" "dealings" should 
be disclosed, and the number of such securities in issue, can be found on the 
Takeover Panel's website at www.thetakeoverpanel.org.uk. 
 
"Interests in 
securities" arise, in summary, when a person has long economic exposure, whether 
conditional or absolute, to changes in the price of securities. In particular, a 
person will be treated as having an "interest" by virtue of the ownership or 
control of securities, or by virtue of any option in respect of, or 
derivative referenced to, securities. 
 
Terms in quotation marks are 
defined in the Code, which can also be found on the Panel's website. If you are 
in any doubt as to whether or not you are required to disclose a "dealing" under 
Rule 8, you should consult the Panel." 
 
 
 
This information is provided by RNS 
            The company news service from the London Stock Exchange 
   END 
 
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