Esken Limited Response to press speculation (8414B)
14 Junio 2021 - 09:12AM
UK Regulatory
TIDMESKN
RNS Number : 8414B
Esken Limited
14 June 2021
This announcement contains inside information for the purposes
of article 7 of the Market Abuse Regulation (EU) 596/2014 as it
forms part of domestic law by virtue of the European Union
(Withdrawal) Act 2018.
14 June 2021
ESKEN LIMITED
('Esken' or 'the Group')
Response to press speculation
Esken Limited, the aviation and energy infrastructure group,
notes the recent press speculation regarding a potential strategic
partnership for London Southend Airport (LSA).
The Group confirms that it is in the final stages of agreeing
the documentation with Carlyle Global Infrastructure Opportunity
Fund with regards to a long term strategic funding transaction
relating to the development of LSA. Under the proposed terms of the
partnership, Carlyle would provide GBP120 million of funding net of
Carlyle costs via a loan (convertible at Carlyle's option into an
equity stake of 29.99% in LSA), which would release GBP100m of
liquidity into the rest of the Group.
This announcement should be read in conjunction with Esken's
trading update released earlier today, with RNS Number 7124B. The
transaction would be subject to a number of conditions, including
Esken obtaining shareholder approval. Esken cautions that no
guarantees can be given at this stage that the transaction will be
concluded.
Enquiries:
Esken Limited C/o Tulchan
Charlie Geller, Communications Director
Tulchan
Olivia Peters T: +44 (0)20 7353 4200
E: opeters@tulchangoup.com
David Allchurch T: +44 (0)20 7353 4200
E : dallchurch@tulchangroup.com
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END
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