Esken Limited Update on LSA & Carlyle Global Infrastructure Fund
March 05 2024 - 1:00AM
RNS Regulatory News
RNS Number : 5467F
Esken Limited
05 March 2024
This announcement contains inside information for the purposes
of article 7 of the Market Abuse Regulation (EU) 596/2014 as it
forms part of domestic law by virtue of the European Union
(Withdrawal) Act 2018.
5 March 2024
ESKEN LIMITED
("Esken" or the "Company")
Update on LSA and Carlyle Global Infrastructure
Fund
Further to the announcement issued
on 19 February 2024, Esken, the aviation group, announces that an
extension has been agreed to the date by which it would need to
accede to the recapitalisation proposal between the Company's
wholly owned subsidiary, London Southend Airport Company Limited
("LSA"), Carlyle Global Infrastructure Fund ("CGI") and Cyrus
Capital Partners ("Cyrus") (the majority holder of the exchangeable
bond). As announced previously, Esken had until 4 March 2024 to
accede to the proposal.
This extension has been agreed in
order that the parties may continue further negotiations on the
terms of Esken's potential accession to the proposal. The Company
will provide a further update on the outcome of these negotiations
when concluded.
Enquiries:
Esken Limited c/o
Teneo
Teneo
Olivia Peters
+44 7902 771008
esken@teneo.com
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