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RNS Number : 4062E Hawkwing PLC 27 October 2022
THIS ANNOUNCEMENT CONTAINS INSIDE INFORMATION FOR THE PURPOSES OF ARTICLE 7 OF
THE MARKET ABUSE REGULATION (EU) 6/2014 AS IT FORMS PART OF UK DOMESTIC LAW BY
VIRTUE OF THE EUROPEAN UNION (WITHDRAWAL) ACT 2018 ("MAR"), AND IS DISCLOSED
IN ACCORDANCE WITH THE COMPANY'S OBLIGATIONS UNDER ARTICLE 17 OF MAR.
27 October 2022
Hawkwing plc
("Hawkwing" or the "Company")
Further update on Hawkwing loan to IFG
Further to the announcement on 26 October 2022, the Company has today
appointed Graham Paul Bushby and Nicholas John Edwards, of RSM UK
Restructuring Advisory LLP, as receivers of IFG SPP Limited's ("IFGS") shares
in Shade Ltd, Northcore Limited and IFGS' book and other debts. This
appointment had been made to take steps to protect the Company's secured
interests and thus its ability to recover IFGS' indebtedness to the Company
comprising £13.7m together with interest, costs and exit premiums.
The Company will give a further update to the market in due course.
Important Notices
This announcement contains 'forward‐looking statements' concerning the
Company that are subject to risks and uncertainties. Generally, the words
'will', 'may', 'should', 'continue', 'believes', 'targets', 'plans',
'expects', 'aims', 'intends', 'anticipates' or similar expressions or
negatives thereof identify forward‐looking statements. These
forward‐looking statements involve risks and uncertainties that could cause
actual results to differ materially from those expressed in the
forward‐looking statements. Many of these risks and uncertainties relate to
factors that are beyond the Company's ability to control or estimate
precisely. The Company cannot give any assurance that such forward‐looking
statements will prove to have been correct. The reader is cautioned not to
place undue reliance on these forward‐looking statements, which speak only
as of the date of this announcement. The Company does not undertake any
obligation to update or revise publicly any of the forward‐looking
statements set out herein, whether as a result of new information, future
events or otherwise, except to the extent legally required.
Nothing contained herein shall be deemed to be a forecast, projection or
estimate of the future financial performance of the Company.
Enquiries:
Hawkwing plc
Keith Sadler, Senior Independent Non-Executive Director +44 (0)20 4582 3500
Gracechurch Group
Harry Chathli, Alexis Gore +44 (0)20 4582 3500
About Hawkwing plc
For more information, please refer to the Company's website: www.hawkwing.co
(http://www.hawkwing.co)
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