Silverdell said Thursday that while it continues to generate revenues broadly in line with the corresponding period in the previous financial year, its banking facilities with Barclays Bank are currently being negotiated to reflect the present economic climate, as future levels of profitability are hard to predict.

Whilst the company has no reason to believe that the bank does not remain supportive of Silverdell, it is currently anticipated that, as part of these discussions, there will be a reduction in the facilities drawn down.

The company is therefore in discussions with its largest shareholder about the raising of additional equity from shareholders.
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