Analyst Research Report Snapshot


Accident Exchange - Proposed Delisting




Hardman & Company


06 Sep 2010





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Accident Exchange has today announced its intention to delist from the London Stock Exchange. The decision follows an agreement to restructure the terms of the company’s £40m credit facility with Morgan Stanley which was due to expire at the end of this month. The facility has now been extended through to July 2013. While it is unfortunate to see Accident Exchange leave the market, the extension of this credit facility, should at least ensure the company’s survival.

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