News Column

Outsourcery In Final Discussions For Debt, Equity Financing Options

July 31, 2014

Hana Stewart-Smith

LONDON (Alliance News) - Cloud services provider Outsourcery PLC Thursday reiterated that it has sufficient cash for its immediate needs, and said it is in final discussions regarding a combination of debt and equity funding options.

The company has been reviewing options to improve its cash resources, and said that discussions on the debt and equity options had progressed quickly and positively in recent weeks.

It is now finalising discussions and documentation on those options, and said it will provide a final update in "short order."

Shares in Outsourcery were trading 6.1% lower at 23.00 pence Thursday.

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Source: Alliance News

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