REG - 600 Group PLC - Further re Debt Facilities

600Announcement

07/12/2023 14:45

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RNS Number : 0777W  600 Group PLC  07 December 2023

THIS ANNOUNCEMENT CONTAINS INSIDE INFORMATION FOR THE PURPOSES OF ARTICLE 7 OF
EU REGULATION 596/2014, AS AMENDED (AS IT FORMS PART OF UK DOMESTIC LAW BY
VIRTUE OF THE EUROPEAN UNION (WITHDRAWAL) ACT 2018.

 

7 December 2023

 

The 600 Group PLC

("600 Group", the "Group" or the "Company" and together with its subsidiaries
the "Group")

 

Further re Debt Facilities

 

Further to the Company's announcement of 4 December 2023, 600 Group announces
that the US Group companies have now received a notice from Bank of America of
default and demand for payment in full of the Group's now expired and fully
drawn US$5.5 million facility (the "Facility") by 15 December 2023. The Group
remains in dialogue with the lender in respect of an extension to the
Facility, which it is not currently in a position to repay, and the Group is
also in discussions with other financial institutions with regard to other
potential funding alternatives.

 

Further announcements will be made, as appropriate in due course.

 

Enquiries:

 

 The 600 Group PLC                                             Tel: +1 407 818 1123

 Paul Dupee, Executive Chairman

 Cavendish Capital Markets Ltd (Nominated Adviser and Broker)  Tel: 020 7220 0500

 Ben Jeynes / Dan Hodkinson (Corporate Finance)

 Henry Nicol (Sales)

 

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