VTS Vantis

 

TIDMVTS 
 
RNS Number : 0053N 
Vantis PLC 
03 June 2010 
 

3 June 2010 
 
                     Vantis plc ("Vantis" or "the Company") 
                                     Update 
 
 
The Board of Vantis announces that, as part of its ongoing plan to reduce the 
Company's level of debt, it is reviewing a number of alternative courses of 
action including progressing negotiations with potential investors as well as 
entering into preliminary discussions with its debt providers regarding a 
potential restructuring of the Company's balance sheet to reduce the level of 
debt outstanding to a more suitable level. 
 
Negotiations with both investors and the Company's banks are at an early stage 
and there can be no certainty as to the impact on current shareholders or the 
terms of any agreement which may be reached. 
 
The Company's banks have confirmed their support for the Board's exploration of 
options to improve the Company's financial position. 
 
A further announcement will be made as appropriate. 
 
 
Enquires: 
 
Vantis Plc 
         Tel: 020 7417 0417 
Paul Jackson, Chief Executive 
Stephen Smith, Interim Finance Director 
 
Investec Investment Banking 
Tel: 020 7597 5970 
Martin Smith 
Buchanan Communications                                                     Tel: 
020 7466 5000 
Richard Darby 
James Strong 
Chris McMahon 
 
 
This information is provided by RNS 
            The company news service from the London Stock Exchange 
   END 
 
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