Compliance with bank lending covenants

RNS Number : 0550D
Coral Products PLC
05 October 2018
 

CORAL PRODUCTS PLC

("Coral" or the "Company")

Compliance with bank lending covenants 

 

In the Company's announcement dated 1 October 2018, it was noted that there had been historic breaches of financial covenants in the Company's mortgage loan facility in the year ended 30 April 2018.

 

The Board is pleased to announce that on 4 October 2018 the Company's bank agreed to waive any rights available to it as a result of such breaches.

This announcement contains inside information for the purposes of Article 7 of EU Regulation 596/2014.

 

Enquiries:

 

Coral Products plc


Joe Grimmond, Non-executive Chairman

 

Mick Wood, Chief Executive Officer

Tel: 07703 518 148

 

Tel: 01942 590272





Cairn Financial Advisers LLP

Tel: 020 7213 0880

Nominated Adviser


Tony Rawlinson / Liam Murray




Daniel Stewart & Company plc

Tel: 020 7776 6550

Broker


David Lawman

Richard Potts

Daphne Zhang




Capital Markets Consultants Limited

Tel: 07515 587 184

PR


Richard Pearson


 

 

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