Accident Exchange seeks to de-list after restructuring credit facility

London Stock Exchange

Credit hire operator Accident Exchange is to convene a general meeting to propose a resolution to approve the cancellation of admission of the ordinary shares to trading on the London Stock Exchange.

It follows the news that it expects discussions with Morgan Stanley, its senior lender, concerning a restructuring of the company's existing £40m credit facility, to result in fewer than 25% of its

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