REG - Hawkwing PLC - Update on Hawkwing loan to IFG

HawkwingAnnouncement

26/10/2022 17:30

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RNS Number : 2427E  Hawkwing PLC  26 October 2022

26 October 2022

 

 

Hawkwing plc

 

("Hawkwing" or the "Company")

 

Update on Hawkwing loan to IFG

 

The Company has been advised that liquidators have been appointed to IFG (SPP)
Limited ("IFGS").  IFGS currently owes the Company £13.7m together with
interest, costs and exit premiums.  The Company has a first fixed and
floating charge over all the assets of IFGS and its subsidiaries.  Neither of
the subsidiary companies are in liquidation.

 

The Company is currently assessing its options and the steps it should be
taking to protect its position following IFGS' liquidation.

 

The Company will give a further update to the market in due course.

 

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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