WHY White Young

 

TIDMWHY 
 
RNS Number : 9270X 
White Young Green PLC 
25 August 2009 
 

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| For immediate release                |                       25 August 2009 | 
+--------------------------------------+--------------------------------------+ 
 
 
 
 
White Young Green plc 
 
 
Financing Update 
 
 
White Young Green plc (WYG) ("WYG" or the "Group") today provides an update on 
its refinancing negotiations. 
 
 
In the ongoing discussions with the Group's lenders, the Board, in conjunction 
with its advisers, has been working to identify ways to reduce significantly 
borrowings to levels that the Board believes can be supported by current market 
conditions and ensure that the Group has an appropriate and robust capital 
structure going forward. 
 
 
The options being considered aim to create a stable and long term financial base 
which should benefit clients and employees in the long term, enable the Group to 
be more competitive in its chosen markets and assist in delivering the Group's 
strategy. 
 
 
The work underway to establish the appropriate long term capital structure for 
the Group is now based on considering options which are likely to result in a 
material dilution for existing holders of equity.  Furthermore, the Group may 
not, in such circumstances, continue to satisfy the conditions for listing on 
the main market. 
 
 
Discussions with the Group's lenders are ongoing and a further announcement will 
be made in due course as appropriate. 
 
 
 
 
Enquiries: 
 
 
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| White Young Green                         |              0113 278 7111 | 
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| Paul Hamer, Chief Executive Officer       |                            | 
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| David Wilton, Group Finance Director      |                            | 
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|                                           |                            | 
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| Buchanan Communications                   |              020 7466 5000 | 
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| Tim Anderson / Rebecca Skye Dietrich /    |                            | 
| Stasa Filipic                             |                            | 
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This information is provided by RNS 
            The company news service from the London Stock Exchange 
   END 
 
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