Financing and R & A 2002
June 30 2003 - 3:30AM
UK Regulatory
RNS Number:9150M
Automotive Precision Holdings PLC
30 June 2003
PRESS RELEASE
30 June 2003
Automotive Precision Holdings plc
Long-Term Financing
Report & Accounts 2002
Automotive Precision Holdings plc announces that it has accepted a firm offer of
progressive funding which will secure long term financing for the Group. The
offer is subject to certain conditions, which the Board is confident are capable
of being satisfied. Under these new arrangements, the Board believes that the
Group will have sufficient working capital for the foreseeable future including
funding for the capital expenditure necessary to accommodate expected turnover
growth over the next 18 months.
A copy of the Report & Accounts 2002 has been submitted to the UK Listing
Authority and will shortly be available for inspection at the UK Listing
Authority's Document Viewing Facility, which is situated at:
Financial Services Authority
25 The North Colonnade
Canary Wharf
London
E14 5HS
Tel. No. +44 (0)20 7676 1000
For further information:
Stefan Petszaft, Managing Director Peter Willetts
Automotive Precision Holdings PLC Tavistock Communications
Tel: 01732 365 421 Tel: 020 7600 2288
This information is provided by RNS
The company news service from the London Stock Exchange
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