Portfolio Update
February 08 2010 - 5:22AM
UK Regulatory
TIDMBCP
RNS Number : 8185G
Boundary Capital PLC
08 February 2010
Boundary Capital plc ("Boundary")
Portfolio Update
08 February, 2010
Boundary Capital, an Irish based investment holding company, quoted on AIM and
IEX (AIM: BCP; IEX: BCM), confirms that Art Holdings Limited, a holding company
for 100% of the activities of the Arnotts Department Store group ("Arnotts"), is
in negotiations with its lending banks. The outcome of such negotiations is
uncertain at the present time but is likely to result in restructured
facilities, however the level of debt owed by Arnotts means that there is
unlikely to be any material value for Boundary Capital's investment in Arnotts.
Boundary Capital holds 28% of Arnotts indirectly through a shareholding in
Brunner Limited.
This information is provided by RNS
The company news service from the London Stock Exchange
END
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