Thomas Cook update on restructuring

All,

Thomas Cook released a short RNS this morning, stating negotiations are continuing and are in discussions with 50% of the bondholders. It appears that the Company need an additional £150m of capital (So gone from £300m in February to £750 in July to £900m currently!!!) to see it through December comfortably. From the FT reports, it appears Fosun are putting up £450m of the now £900m but not confirmed in the RNS.

Aim is still early October for completion. No mention of the new names on the shareholder register, Neset Kockar with 8% and Rodionova Lilia with 3.5% which is a little surprising.

Please call to discuss.