BD25 Citi Fun 24

 

TIDMBD25 
 
RNS Number : 6376P 
Ashpol PLC 
27 March 2009 
 

FOR IMMEDIATE RELEASE 
NOT FOR RELEASE, PUBLICATION OR DISTRIBUTION, IN WHOLE OR IN PART, IN, INTO OR 
FROM THE UNITED STATES OF AMERICA OR ANY OTHER JURISDICTION WHERE TO DO SO WOULD 
CONSTITUTE A VIOLATION OF THE RELEVANT LAWS OF SUCH JURISDICTION 
27 March 2009 
Ashpol PLC (the "Company") 
GBP75,000,000 10.75% First Mortgage Debenture Stock 2025 (the "Stock") 
As announced on 23 January 2009, one of the properties in the Company's 
portfolio, the Nortel Complex in Harlow (the "Property"),  is let at a rent of 
GBP5.4 million per annum to Nortel Networks UK Limited ("NNUK") and guaranteed 
by Nortel Networks Limited ("NNL"). NNUK obtained an administration order from 
the English High Court of Justice under the Insolvency Act 1986. NNL, which is 
incorporated in Canada, obtained an order from the Ontario Superior Court of 
Justice for creditor protection pursuant to the provisions of the Companies' 
Creditors Arrangement Act. 
The Company announces that it has received the rent for the Property for the 
quarter beginning 25th March from NNUK's administrator as a cost of 
administration. NNUK remains in administration. 
The Company is being advised by Fenchurch Advisory Partners in relation to the 
Stock. 
 
 
 
 
Contacts: 
Fenchurch Advisory Partners    Tel: 020 7382 2222 
Richard Locke 
Graham Marchant 
 
 
Fenchurch Advisory Partners Limited ("Fenchurch Advisory Partners"), which is 
authorised and regulated in the United Kingdom by the Financial Services 
Authority, is acting exclusively for the Company and no-one else in connection 
with the Stock and will not be responsible to anyone other than the Company for 
providing the protections afforded to customers of Fenchurch Advisory Partners 
or for providing advice in relation to the Stock or in relation to the contents 
of this announcement. 
 
 
 
This information is provided by RNS 
            The company news service from the London Stock Exchange 
   END 
 
 STRPUURUWUPBGAM 
 

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