INTU PROPERTIES PLC - Update on Creditor Discussions
Update on Creditor Discussions
INTU PROPERTIES PLC
(Registration number UK3685527)
ISIN Code: GB0006834344
JSE Code: ITU
LEI: 213800JSNTERD5CJZO95
26 JUNE 2020
UPDATE ON CREDITOR DISCUSSIONS
On 23 June 2020, intu properties plc (“intu”) provided an update on discussions with key
stakeholders to progress its standstill strategy ahead of the revolving credit facility covenant
waiver expiry at 11:59 p.m. this evening, 26 June 2020.
Since that update, discussions have continued with the intu Group’s creditors in relation to
the terms of standstill-based agreements. Unfortunately, insufficient alignment and
agreement has been achieved on such terms.
The Board is therefore considering the position of intu with a view to protecting the interests
of its stakeholders. This is likely to involve the appointment of administrators.
A further announcement will be made as soon as possible.
The person responsible for arranging the release of this announcement is Susan Marsden,
Company Secretary of intu.
ENQUIRIES
intu properties plc
Matthew Roberts Chief Executive +44 (0)20 7960 1353
Robert Allen Chief Financial Officer +44 (0)20 7960 1360
Adrian Croft Head of Investor Relations +44 (0)20 7960 1212
Public relations
UK: Justin Griffiths, Powerscourt +44 (0)20 7250 1446
SA: Frédéric Cornet, Instinctif Partners +27 (0)11 447 3030
JSE Sponsor :
Merrill Lynch South Africa (Pty) Limited
Date: 26-06-2020 08:01:00
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