RNS Number : 3546Z
Northgate PLC
21 September 2009
 



21 September 2009


NORTHGATE PLC


Correction to Interim Management Statement of 16 September 2009



Northgate plc  (the 'Company'), the UK and Spain's leading specialist in light commercial vehicle hire, issues a correction to the Company's Interim Management Statement issued on 16 September 2009.


The unaudited net debt figure as at 31 August 2009 was reduced by £173m since 30 April 2009, to £713m, not £205m to £681m as incorrectly stated in the announcement. Using 30 April 2009 exchange rates the reduction would have been £165m.


The discrepancy is due to an internal administrative error and does not affect the Company's ability to meet its redemption obligations, banking covenants, forecast of year end net debt position or its current trading position.



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For further information, please contact:


Northgate plc    

01325 467558

Steve Smith, Chief Executive

Bob Contreras, Finance Director

Paul Tallentire, Deputy Chief Executive


Hogarth Partnership Limited

020 7357 9477

Andrew Jaques

Barnaby Fry

Anthony Arthur




Notes to Editors:

Northgate plc rents light commercial vehicles and sells a range of fleet products to businesses via a network of hire companies in the UKRepublic of Ireland and Spain. Its NORFLEX® product gives businesses access to a flexible method to acquire as many commercial vehicles as they need, without tying up capital or entering a fixed term contract.


Further information regarding Northgate plc can be found on the Company's website:

http://www.northgateplc.com


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