Brief: Non-Standard Fin Says Group's Operating Performance Continues To Meet Expectations

Non-Standard Finance

13/02/2023 07:41

Feb 13 (Reuters) - Non-Standard Finance PLC  NSF.L :
    * NON-STANDARD FIN  - 2022 TRADING STATEMENT
    * NON-STANDARD FINANCE PLC - GROUP'S OPERATING PERFORMANCE
CONTINUES TO MEET EXPECTATIONS
    * NON-STANDARD FINANCE PLC - INTENTION IS TO PROCEED WITH A
CAPITAL RAISE TO GENERATE FUNDS FOR PAYMENT OF REDRESS UNDER A
SCHEME
    * NON-STANDARD FINANCE PLC - TALKS WITH ADVISORS AND FCA
REGARDING
A POTENTIAL SCHEME OF ARRANGEMENT IN RELATION TO REDRESS
LIABILITIES ARE PROGRESSING
    * NON-STANDARD FINANCE PLC - CONTINUES TO WORK CLOSELY WITH
ITS
SECURED LENDERS ON AN ALTERNATIVE TRANSACTION TO BE IMPLEMENTED
IN EVENT THAT A SCHEME OF ARRANGEMENT IS COMPLETED BUT PROPOSED
CAPITAL RAISE IS UNSUCCESSFUL
    * NON-STANDARD FINANCE PLC - PROPOSED CAPITAL RAISE, WHILST
ENSURING FUTURE FOR GROUP, WILL MATERIALLY DILUTE INTERESTS OF
EXISTING EQUITY HOLDERS
    * NON-STANDARD FINANCE PLC - SECURED LENDERS CONTINUE TO
PROVIDE
SHORT-TERM WAIVERS OF GROUP'S LOAN TO VALUE COVENANT
    * NON-STANDARD FINANCE PLC - GROUP HAS REDUCED ITS GROSS
BORROWINGS BY A FURTHER £20 MILLION TO £255 MILLION, FOLLOWING
REPAYMENT OF ITS £45 MILLION RCF LAST JULY

Source text for Eikon:  ID:nRSM6457Pa 
Further company coverage:  NSF.L 
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