RNS Number : 6081J
Waterford Wedgwd/Wtfd Wedgwd UK PLC
05 December 2008
Waterford Wedgwood plc
Update on Financing
Waterford Wedgwood plc (the 'Group' or the 'Company') is pleased to announce that the Group's senior lenders have agreed to an extension of the forbearance referred to in the December 1, 2008 announcement for the period through December 12, 2008 while discussions with interested institutional investors continue to be advanced.
The Company is also progressing discussions with the Group's senior lenders and their advisers to further extend the forbearance period, with appropriate intermediate milestones for the period of any such extension. Assuming progress regarding new investment in the Company continues to be made, the directors have reason to believe these senior lender discussions will reach a satisfactory conclusion.
December 5, 2008
Enquiries:
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Powerscourt (UK and International Media)
Rory Godson
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+44 (0) 20 7250 1446
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Dennehy Associates (Irish Media)
Michael Dennehy
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+353 (0) 1 676 4733
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The company news service from the London Stock Exchange
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