Brief: Pittards Says Co Agreed Terms For Restructuring Of Existing Debt Facilities With Lloyds Bank 10.1 Mln Stg

Pittards

29/06/2023 10:44

June 29 (Reuters) - Pittards PLC  PTTD.L :
    * PITTARDS PLC  - FINANCIAL POSITION UPDATE & SUSPENSION OF
TRADING
    * PITTARDS PLC - AGREED INDICATIVE TERMS FOR RESTRUCTURING
OF ITS
EXISTING DEBT FACILITIES FOR ITS UK BUSINESS WITH LLOYDS BANK,
FOR  £10.1 MILLION
    * PITTARDS PLC - PLANS FOR EQUITY RAISE ARE UNDERWAY AND
INCLUDE
DISCUSSIONS WITH A CORNERSTONE TRADE INVESTOR
    * PITTARDS PLC - SHOULD COMPANY BE UNABLE TO COMPLETE £1.5
MILLION
FUNDRAISING, PROSPECTS FOR RECOVERY OF VALUE, IF ANY, BY
SHAREHOLDERS WOULD BE UNCERTAIN
    * PITTARDS  - IN ORDER TO FACILITATE CONCLUSION OF AN EQUITY
RAISE
LLOYDS BANK HAS AGREED TO EXTEND COMPANY'S EXISTING BANKING
FACILITIES UNTIL 31 JULY
    * PITTARDS PLC - COMPANY CONTINUES TO OPERATE AT OR AROUND
CEILING
OF ITS BANK FACILITIES

Source text for Eikon:  ID:nRSc3797Ea 
Further company coverage:  PTTD.L 

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