/retail
Payzone plc (the "Company"), together with its subsidiaries (the "Group"), announces today that agreement has been reached between Duke Street and the Group's banking syndicate (the "Syndicate") on the terms of a debt and share capital restructuring (the "Restructuring"), which will provide the business with a more appropriate long-term capital structure. The restructuring will involve the appointment of receivers to the Company and the disposal of the direct subsidiaries of the Company to a newly formed company.