Update on Financial Restructuring
November 04 2009 - 1:00AM
UK Regulatory
TIDMNDP
RNS Number : 9053B
Nipson Digital Printing Systems PLC
04 November 2009
For Immediate Release
4 November 2009
NIPSON DIGITAL PRINTING SYSTEMS PLC
("Nipson" or "Company")
Update on Financial Restructuring
Further to the announcement on 15 October 2009, the Company reports that no
agreement has been reached between the various parties. The Company continues to
seek a solution for which it has set a short timescale. In the meantime the
Company has not been in receipt of any formal steps on behalf of D. Roseman,
Nipson Limited Partnership, Polar Communications LTD and Creacorp NV to enforce
the repayment of debt due to them.
If agreement cannot be reached then as referred to in the announcement of 15
October 2009, the Company will need to consider a Company Voluntary Arrangement;
but will also consider other options including administration.
For further information please contact:
Marc Maes Tel: +32 494500423
Chairman
Roland Cornish/Rosalind Hill Abrahams Tel: 0207 628 3396
Beaumont Cornish Limited
This information is provided by RNS
The company news service from the London Stock Exchange
END
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