Re Agreement
October 24 2003 - 2:00AM
UK Regulatory
RNS Number:2596R
Bristol & London PLC
24 October 2003
Bristol & London PLC
Bristol & London PLC, the specialist credit hire vehicle replacement business,
which was successfully floated last month on the Alternative Investment Market
in a Placing which capitalised the Company at #30 million, is pleased to
announce the signing of a protocol arrangement with Allianz Cornhill, one of the
UK's principal motor insurers.
Under the terms of the protocol, Allianz Cornhill has agreed to settle
uncontested claims for car hire within 28 days of receiving the invoice from
Bristol & London.
This concludes nearly two years of negotiation and should enhance the Company's
cash flow and operating profitability.
Enquiries:
Richard Abel, Chief Executive Tel: 0117 982 7377
Bristol & London PLC
John Wakefield, Director Tel: 0117 933 0020
Rowan Dartington & Co. Limited
This information is provided by RNS
The company news service from the London Stock Exchange
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