REG - McBride PLC - Redemption of B Shares

McBrideAnnouncement

03/10/2022 17:15

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RNS Number : 6219B  McBride PLC  03 October 2022

3(rd) October 2022

 

McBride plc

 

Amended Financing Agreement

 

Redemption of Non-Cumulative Redeemable Preference Shares of 0.1p each ("B
Shares")

 

McBride plc, the leading European manufacturer and supplier of private label
and contract manufactured products for the domestic household and professional
cleaning and hygiene markets, today provides the following update in relation
to its B shares.

 

Under its €175m RCF as amended and announced on 29(th) September 2022,
McBride plc is not permitted to redeem or repay any of its share capital. This
restriction remains in place until the original maturity date of the RCF in
May 2026.  Consequently, the redemption of B shares that would normally have
taken place in November, will not now take place.

 

 

For further information, please contact:

 

 McBride plc
 Chris Smith, Chief Executive Officer      0161 203 7570
 Mark Strickland, Chief Financial Officer  0161 203 7570

 FTI Consulting LLP
 Ed Bridges, Nick Hasell                   020 3727 1017

 

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