debt covenants

In the 9th of Jun announcement there was reference to breaching the group's interest rate cover ratio and that an update would be released. We are now more than half way into July and I can't see anything (unless I have missed it).
Does anyone know anything on this i.e
1, How serious is it?
2, Has it been resolved?
3, Is this a driver of the recent poor stock performance and once/if resolved should help a rebound

"However, the group’s interest rate cover ratio, which is computed annually at year end, is
likely to be breached at 30 June 2009. This arises because revaluations of assets, and not
just cash flows, are included in the computation of earnings for the purposes of computing
this ratio. LLP is currently in discussions with its financiers with a view to waiving this
breach.
LLP expects the ongoing support of its financiers and will advise the market of the outcome"