NMCN PLC Financing Update (0364U)
March 31 2021 - 1:01AM
UK Regulatory
TIDMNMCN
RNS Number : 0364U
NMCN PLC
31 March 2021
31 March 2021
This announcement contains inside information for the purposes
of Article 7 of Regulation (EU) No 596/2014 which is part of UK law
by virtue of the European Union (Withdrawal) Act 2018
NMCN PLC
("nmcn" or "the Company" or "the Group")
Financing Update
Further to the announcements of 23 and 26 February 2021 the
Company, working alongside its debt advisers Arrowpoint Advisory
LLP ("Arrowpoint"), is in advanced discussions with a party with a
view to concluding a finance package secured against the Company's
property development projects. The Board continue to work with
Arrowpoint to determine a longer-term financing structure.
The Group is also proactively engaged with Lloyds Bank plc
("Lloyds"), the Company's bank, regarding its existing overdraft
facility.
A further update will be made in due course.
Enquiries:
nmcn Plc - 01623 515008
Ian Elliott, Acting Chairman
Robert Moyle, Acting Chief Executive
Alan Foster, Chief Financial Officer
About nmcn
nmcn Plc (TIDM: NMCN) is a leading engineering and construction
company in the UK. Its talented 1,700-strong team offers
multi-sector engineering and construction skills, technical
innovation, design, and specialist fabrication.
The Company delivers major built environment and water industry
projects across the UK - from buildings and highways to large-scale
water networks and treatment plants. With its history dating back
to 1946, nmcn now has 12 UK offices and three off-site
manufacturing facilities.
LEI Number: 213800ANYQVA5OS51A68
www.nmcn.com
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