Response to recent media comment

Response to recent media comment

MOTHERCARE PLC

Response to recent media comment

Mothercare notes the recent media speculation regarding its banking facilities. In accordance with normal practice Mothercare is in regular dialogue with all of its financing partners, including the banks. As confirmed in the Q4 Trading Statement issued on 10th April 2014, underlying profit before tax for the year ended 29th March 2014 is expected to be in line with current market forecasts, and net debt is also expected to be in line with previous guidance. Mothercare is and expects to remain in compliance with the provisions and covenants of its facilities. Mothercare continues to discuss with its banks its future plans for the business and the consequential funding requirements, and is grateful to them for their continued support.

Enquiries to:

Mothercare plc

Matt Smith, Chief Financial Officer

Ramona Tipnis, Director of Investor Relations                                    01923 206455

 

Tulchan Communications

Katharine Wynne                                                                         020 7353 4200




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Source: Mothercare Plc via Globenewswire

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