11 August 2006
LUXFER HOLDINGS PLC
ANNOUNCEMENT TO BONDHOLDERS AND ANALYSTS
27 April 2006
New Banking Facility signed with Bank of America
Luxfer Holdings PLC announces the signing of a new 3 year asset-backed £45 million revolving credit facility secured over its US and UK operating assets. The facility includes up to £10 million in ancillary facilities for letters of credit, bank guarantees and foreign exchange hedging contracts.
At the same time Bank of America has become the Group’s principal banker, providing corporate banking requirements in both the UK and US.
Stephen Williams, Group Finance Director, stated “ We have been working with Bank of America for some months now and have been impressed by their professionalism throughout. Bank of America is in a strong position to service the banking requirements of both our UK and US operations.”
Close Brothers Corporate Finance Limited advised Luxfer on the new facility arrangements.
Report to Senior Note Holders and Audited Financial Statements for the year ended 31 December 2005
Luxfer Holdings PLC is also pleased to announce the issue of its Annual Report to Senior Note Holders and audited financial statements for the year ended 31 December 2005. These are the first fully audited financial statements issued by the Group under International Financial Reporting Standards (“IFRS”).
The First Quarter Condensed Financial Statements for the period ended 31 March 2006 were also released, confirming the preliminary results made public on the 18 April 2006.
Copies of the reports are available from:
LUXFER HOLDINGS PLC,
Victoria Building, 150 – 182 Harbour City,
Salford Quays, Salford, M50 3SP.
Or Andy Beaden
LUXFER HOLDINGS PLC.