Reach4Entertainment Enterprises PLC Banking Update (8396G)
06 3월 2018 - 8:30PM
UK Regulatory
TIDMR4E
RNS Number : 8396G
Reach4Entertainment Enterprises PLC
06 March 2018
Prior to publication, certain information contained within this
announcement was deemed to constitute inside information for the
purposes of Article 7 of EU Regulation 596/2014 (MAR). Upon
publication of this announcement, this information is now
considered to be in the public domain.
6 March 2018
reach4entertainment enterprises plc
("r4e", the "Company" or the "Group")
Banking update
Further to the announcement on 18 October 2017, regarding r4e's
banking facilities with PNC Business Credit, a trading style of PNC
Financial Services UK Ltd ("PNC"), r4e is pleased to confirm that,
as anticipated, PNC has today formally agreed to issue a waiver of
its rights in connection with the breach by the Company of its
rolling 3-months monitoring covenant in the third quarter of 2017.
As announced in the year-end trading update on 7 February 2018, the
Company stayed within its key overall full-year monitoring
covenants for 2017.
Enquiries:
reach4entertainment enterprises
plc
Marc Boyan, Chief Executive +44 (0) 20 7968
Officer 1655
Allenby Capital (Nominated Adviser
and Broker)
+44 (0) 20 3328
Jeremy Porter/James Reeve 5656
Novella Communications (Financial
PR)
+44 (0) 20 3151
Tim Robertson/Toby Andrews 7008
This information is provided by RNS
The company news service from the London Stock Exchange
END
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