News

St Laurence rescue plan includes capital and a guarantee

Tuesday 11th of November 2008
St Laurence managing director Kevin Podmore says the purpose of the plan is to enable the company to try to maximise the return to investors by allowing it to continue trading on a going concern basis.

“It provides time for St Laurence to have its loans repaid in an orderly fashion and allows it to undertake activities to preserve and add value to the group's funds management businesses.

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