RNS Number: 3573 N Official List 24 September 2019. This notice has been issued by Issuer Management- 020 7066 8352.. RNS is approved by the Financial Conduct Authority to act as a Primary Information Provider in the United Kingdom.
RNS Number: 3335 N FTSE Russell 23 September 2019. Thomas Cook Group: Constituent Deletion Changes in FTSE UK Index Series. RNS is approved by the Financial Conduct Authority to act as a Primary Information Provider in the United Kingdom.
Online travel company On the Beach Group says it expects to take an exceptional charge for costs relating to Thomas Cook Group’s collapse. It says the costs are associated with helping Thomas Cook customers make alternative arrangements, as well as lost margins on cancelled bookings. On the Beach expects to be able to recover the costs of cancelled flights via a chargeback claim but is evaluating the potential effects of Thomas Cook’s failure on its forecast performance for the financial year ending in September 2020.
Travel company Thomas Cook Group has entered compulsory liquidation after failing to satisfy a request by its banks for an additional £200m of funds to be raised in a proposed refinancing. The group says in a statement that the High Court has granted an order to put it in the hands of the Official Receiver, which will appoint members of Alix Partners UK as “special managers”. The company has requested that its ordinary shares are suspended from listing with immediate effect. Thomas Cook had agreed the outline of a £900m rescue led by China’s Fosun International, its largest shareholder. However, talks between its stakeholders and proposed providers of new money failed to reach agreement over the additional fundraising requirement. The company says its board therefore “concluded that it had no choice but to take steps to enter into compulsory liquidation with immediate effect”. Chief executive Peter Fankhauser says it is a matter of “profound regret” that the talks were not successful. "Although a deal had been largely agreed, an additional facility requested in the last few days of negotiations presented a challenge that ultimately proved insurmountable," he says.
RNS Number: 2454 N Official List 23 September 2019. This information is provided by RNS, the news service of the London Stock Exchange. RNS is approved by the Financial Conduct Authority to act as a Primary Information Provider in the United Kingdom.
We anticipate that the Official Receiver will make an application to the High Court for members of AlixPartners UK LLP to be appointed as Special Managers in respect of the Company, to act on behalf of the Official Receiver, and we further anticipate that an order will be granted to that effect. As part of this process, a number of other Thomas Cook Group companies...
RNS Number: 1710 N Thomas Cook Group PLC 20 September 2019 TR-1: S tandard form for notification of major holdings. This information is provided by RNS, the news service of the London Stock Exchange. RNS is approved by the Financial Conduct Authority to act as a Primary Information Provider in the United Kingdom.
Thomas Cook Group has been asked to secure an extra £200m of funding as it continues discussions over a proposed £900m refinancing. The travel company, which is in advanced negotiations with its largest shareholder, China’s Fosun Tourism Group, and bondholders, says in a statement that the extra funds it is being asked to find amount to a “seasonal standby facility”. It also reiterates that the Fosun-led deal is expected to result in existing shareholders' interests being significantly diluted, with “significant risk of no recovery".
RNS Number: 0389 N Thomas Cook Group PLC 20 September 2019 This announcement contains inside information for the purposes of Article 7 of the Market Abuse Regulation No 596/ 2014. Statement re media speculation on proposed recapitalisation. These discussions include a recent request for a seasonal standby facility of £200 million, on top of the previously...
RNS Number: 4929 M Thomas Cook Group PLC 16 September 2019. Confirmation of Scheme Meetings and Scheme Sanctions Hearing. RNS is approved by the Financial Conduct Authority to act as a Primary Information Provider in the United Kingdom.
Thomas Cook Group has announced that it has agreed the terms of its rescue by Fosun Tourism Group. The Chinese company, which owns Wolverhampton Wanderers football club, will inject £450m into the company for 75% of the tour operator and 25% of its airline. Thomas Cook’s banks and bond holders will contribute a further £450m and convert their existing debt into a 75% holding in the airline and 25% of the tour operator. Thomas Cook says the proposed recapitalisation plan could see it lose its London Stock Exchange listing. Fosun already holds 18% of the group, which has warned investors that their stakes stand to be "significantly diluted".
RNS Number: 3318 K Thomas Cook Group PLC 28 August 2019 This announcement contains inside information for the purposes of Article 7 of the Market Abuse Regulation No 596/ 2014. ·Fosun contributing £450 million of new money to the Group and acquiring at least 75% of the equity of the Group Tour Operator and 25% of the Group Airline;. ·The Group's core lending banks and...
RNS Number: 3964 J Thomas Cook Group PLC 16 August 2019. A second and final Price Monitoring Extension has been activated in this security. RNS is approved by the Financial Conduct Authority to act as a Primary Information Provider in the United Kingdom.
RNS Number: 3951 J Thomas Cook Group PLC 16 August 2019. The auction call period has been extended in this security by 5 minutes. RNS is approved by the Financial Conduct Authority to act as a Primary Information Provider in the United Kingdom.
Travel company Thomas Cook Group says it is in advanced talks with bondholders for a £150m cash injection in addition to the £750m recapitalisation it is negotiating with China’s Fosun Tourism Group, its biggest shareholder. The group says the finance would provide “further liquidity headroom” through the 2019/20 winter season and ensure that the business can “continue to invest in its strategy”. The proposed recapitalisation announced last month would see £650m of external bank debt and €1.15bn of bond debt converted into equity, significantly diluting existing shareholders. Thomas Cook says it expects to implement the recapitalisation in early October.
The discussions with noteholders include the injection of additional capital on top of the previously announced £750 million. This additional capital, of approximately £150 million, will provide further liquidity headroom through the coming 2019/ 20 winter cash low period and ensure the business can continue to invest in its strategy..
RNS Number: 1458 I Thomas Cook Group PLC 07 August 2019 TR-1: S tandard form for notification of major holdings. This information is provided by RNS, the news service of the London Stock Exchange. RNS is approved by the Financial Conduct Authority to act as a Primary Information Provider in the United Kingdom.
RNS Number: 6256 H Thomas Cook Group PLC 01 August 2019 TR-1: S tandard form for notification of major holdings. This information is provided by RNS, the news service of the London Stock Exchange. RNS is approved by the Financial Conduct Authority to act as a Primary Information Provider in the United Kingdom.
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Company Profile

Thomas Cook is Europe's second-largest travel firm. It was formed by the merger of UK package holiday rival MyTravel and the Thomas Cook tourism unit of Germany's KarstadtQuelle. Under the terms of the merger, KarstadtQuelle owns 52% of the enlarged group and MyTravel the rest.

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Market Indices-

Locations

HQ
3rd Floor
South Building
200 Aldersgate
London
EC1A 4HD
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