The make-or-break vote explained

摘要

At 11am on Friday 15 March, Interserve's shareholders were due to vote on the deleveraging plan that CEO Debbie White said was crucial to the firm's survival. Here is what you need to know. What's at stake? Interserve's immediate survival depends on which way the vote goes. If passed, then a debt-for-equity swap and other deleveraging actions will begin. Crucially, Interserve will receive an immediate £75m cash injection that it needs to meet its short-term working-capital needs.