REG - Quiz PLC - Extension to banking facilities

QuizAnnouncement

14/08/2020 07:00

RNS Number : 1105W
  
Quiz PLC
  
14 August 2020
  
 

QUIZ Plc
("QUIZ" or the "Group")
 
Extension to banking facilities
 
QUIZ announces that it has agreed an extension of its existing banking facilities with HSBC.  The Group confirms that the total bank facilities currently available to it has increased from £1.75m to £3.50m, comprising an overdraft facility of £2.0m and a working capital facility of £1.5m (the "Facilities"). The Facilities will remain in place until the end of October 2020. There are no financial covenants applicable to the Facilities.
 
In addition to the Facilities, as at 13 August 2020 the Group had net cash of £5.70m.
 
Enquiries:



QUIZ plc


Via Hudson Sandler




Tarak Ramzan, Chief Executive Officer
Gerry Sweeney, Chief Financial Officer
Sheraz Ramzan, Chief Commercial Officer


















Panmure Gordon (Nominated Adviser and Sole Broker)
Alina Vaskina / Joanna Langley (Corporate Finance)
Erik Anderson (Corporate Broking)
 


+44 (0) 207 886 2500




Hudson Sandler LLP (Public Relations)


+44 (0) 207 796 4133




Alex Brennan
Lucy Wollam


quiz@hudsonsandler.com



 


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