REG - Esken Limited - Update on LSA & Carlyle Global Infrastructure Fund

EskenAnnouncement

05/03/2024 07:00

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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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