REG - Tialis Essential IT - Loan Refinancing

Tialis Essential ITAnnouncement

02/07/2025 15:30

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RNS Number : 4717P  Tialis Essential IT PLC  02 July 2025

2 July 2025

The information contained within this announcement is deemed to constitute
inside information as stipulated under the retained EU law version of the
Market Abuse Regulation (EU) No. 596/2014 (the "UK MAR") which is part of UK
law by virtue of the European Union (Withdrawal) Act 2018. The information is
disclosed in accordance with the Company's obligations under Article 17 of the
UK MAR. Upon the publication of this announcement, this inside information is
now considered to be in the public domain.

 

Tialis Essential IT Plc

("Tialis" or the "Company")

Loan Refinancing

 

Tialis (AIM: TIA), the mid-market IT Managed Services provider, is pleased to
announce that they are leading an investment round in Digital Petcare UK
Limited ("Digital Petcare"). Following the acquisition of the Digital Petcare
loan, as announced on 1 July 2025, Tialis has completed a debt refinancing and
decided to back Susie Samuel, founder and CEO of Digital Petcare, with a
conversion of debt to equity alongside further investments from shareholders
and outside investors. The refinancing is structured as follows:

·      £500k has been converted into a 14.4% equity holding in Digital
Petcare

·      £700k has been refinanced into a new loan over 24 months at the
same interest rate of 12%

·      £285k of the loan has been repaid

 

Ian smith said: "Digital Petcare has come a long way with its solution, with a
now constant flow of new clients signing up every month and continuing to win
market share. With over 1,200 sites now using the platform in the UK the team
are focusing on continuing expansion both here in the UK and internationally.

We are delighted to be extending the loan for a further 24 months and to align
with the directors and other shareholders."

 

For more information, contact:

 

 Tialis Essential IT Plc                                 Tel: +44 (0)344 874 1000

 Ian Smith, Executive Director

 Cavendish Capital Markets Ltd                           Tel: +44 (0)20 7220 0500

 Nominated Adviser and Broker

 Corporate finance: Jonny Franklin-Adams/ Elysia Bough

 Corporate Broking: Tim Redfern

 

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