(BCP.L) Boundary Capital PLC Buy/Sell

RNS Number : 1588C Boundary Capital PLC 06 November 2009

Boundary Capital plc

Update on Financial Position

Boundary Capital plc ("Boundary"), an Irish-based investment holding company, today announces that it has agreed an extension of its banking facilities with its banker Anglo Irish Bank ("Anglo") until 31 December 2009.

As previously announced, Boundary's debt facilities with Anglo expired on 30 June 2009. As part of the board changes announced on 23 September, Paddy Murphy was appointed Non- Executive Chairman and Declan Cassidy was appointed Chief Executive on 30 September 2009. Mr Cassidy and the Board have been working closely with Anglo to put in place a new facility and this process is ongoing.

The Anglo facility continues to be supported by a personal guarantee from the former Chairman of Boundary, Niall McFadden.

For further information please contact: Boundary Capital plc
Declan Cassidy + 353 1 679 63 63

Davy Des Carville +353 1 614 89 29

This information is provided by RNS The company news service from the London Stock Exchange

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