Business
Update on UK Coal
Update on UK Coal.
About this update from Hargreaves Services Plc
[{"type":"text","content":"\n \nRNS Number : 3865J Hargreaves Services PLC 11 June 2014 \n \n\n\n\n\n\nFor immediate release\n\n\n11 June 2014\n\n\n\n\n \n \nHargreaves Services plc\n(\"Hargreaves\" or the \"Company\")\n \nUpdate on UK Coal\n \nFollowing the initial announcement on 10 April 2014, Hargreaves Services plc (AIM: HSP), the UK's leading supplier of solid fuels and bulk material logistics, provides the following update regarding its potential involvement in the proposed UK Coal managed wind down and closure plan.\nIt is with regret that Hargreaves announces today that, despite the efforts of the stakeholders, it has not been possible to secure a plan that it is able to support. In these circumstances the Company is no longer able to provide loan finance and has now withdrawn from the process.\nGordon Banham, CEO of Hargreaves, said: \"It is with great regret that this announcement is made today; however we would like to recognise the help and efforts of the Government, unions and other stakeholders, including Harworth Estates, in trying to develop a plan that we could support.\"\nFor further details:\n\n\n\n\nHargreaves Services\n\n\nTel: 0191 373 4485\n\n\n\n\nGordon Banham, CEO\n\n\n \n\n\n\n\nIain Cockburn, Finance Director\n\n\n \n\n\n\n\n \n\n\n \n\n\n\n\nBuchanan\n\n\nTel: 020 7466 5000\n\n\n\n\nMark Court / Fiona Henson / Sophie Cowles\n\n\n \n\n\n\n\n \n\n\n \n\n\n\n\nN+1 Singer (Nomad & Joint Broker)\n\n\nTel: 0207 496 3000\n\n\n\n\nSandy Fraser / Nick Owen\n\n\n \n\n\n\n\n \n\n\n \n\n\n\n\nJefferies Hoare Govett (Joint Broker)\n\n\nTel: 020 7029 8000\n\n\n\n\nSara Hale / Harry Nicholas\n\n\n \n\n\n\n\n \n \n\nThis information is provided by RNSThe company news service from the London Stock Exchange END MSCDMGMVZMKGDZM\n ","length":4306,"tagName":"div"}]