R4E Reach4entertainment Enterprises Plc

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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March 06, 2018 06:30 ET (11:30 GMT)

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