Company update
October 05 2010 - 12:51PM
UK Regulatory
TIDMWREN
RNS Number : 9142T
Wren Extra Care Group PLC
05 October 2010
5 October 2010
Wren Extra Care Group plc (AIM: WREN)
("Wren" or the "Company")
Company update
Wren announced earlier today, that a subsidiary of the Company (Wren Estates
Limited ("Wren Estates")) had received notice demanding the immediate repayment
of all sums due to its main lender (the "Lender") under various loan agreements
(the "Loan Agreements") and that as a result, Wren Estates was in default under
the Loan Agreements. Wren Estates has since confirmed to the Lender that it was
not in a position to make repayment of all sums due under the Loan Agreements.
As a result, the Lender has appointed GVA Grimley Limited as fixed charge
receivers to Wren Estates pursuant to the Law of Property Act 1925 with
immediate effect.
Enquiries:
+------------------------+-----------------------------------+
| Wren Extra Care Group | |
| Plc | |
+------------------------+-----------------------------------+
| James Butterfield | Tel: 01372 742 244 |
| Corporate Development | www.wrenhomesplc.co.uk |
| Director/ | |
| Mike O'Donnell | |
| Financial Director | |
+------------------------+-----------------------------------+
| | |
+------------------------+-----------------------------------+
| Shore Capital | |
+------------------------+-----------------------------------+
| Pascal Keane | Tel: 020 7408 4090 |
+------------------------+-----------------------------------+
| | |
+------------------------+-----------------------------------+
| Peckwater PR | |
+------------------------+-----------------------------------+
| Tarquin Edwards | Tel: 07879 458 364 |
+------------------------+-----------------------------------+
This information is provided by RNS
The company news service from the London Stock Exchange
END
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