Intention to refinance debt facilities

Barkby Group PLC
04 December 2023

This announcement contains inside information for the purposes of Article 7 of the Market Abuse Regulation (EU) 596/2014 as it forms part of UK domestic law by virtue of the European Union (Withdrawal) Act 2018 ("MAR"), and is disclosed in accordance with the company's obligations under Article 17 of MAR.



Barkby Group PLC


("Barkby", or the "Company") 



Intention to refinance debt facilities


Barkby (AIM: BARK) announces its intention to refinance its existing debt facilities, including the £12 million debt facility, (the "Facility") provided by Tarncourt Properties Limited, ("Tarncourt") a vehicle controlled by the Executive Chairman of the Company, Charles Dickson and his family. The Facility was revised on 30 December 2022 and interest is paid at a rate of 3.0% over the Bank of England's prevailing base rate, with an expiry date of 30 June 2024.


Following the announcement of 31 October 2023 of the Company's joint venture with Meadow Partners LLP, ("Meadow Partners") the Board intends to simplify the Company's capital structure and is considering a new, sterling denominated, private debt offering, (the "Offering") which would be issued on market terms. Certain existing shareholders are likely to participate in the Offering.


As at 30 November 2023, net cash available to the Company, including undrawn facilities, remains at £2.0 million.


A further announcement will be made as appropriate. 


- Ends -





Barkby Group PLC

Charles Dickson, Executive Chairman

c/o Montfort



Olly Scott

Georgia Colkin



+44 (0)78 1234 5205

+44 (0)75 4284 6844

Cavendish Capital Markets Limited (Nomad and Broker)

Carl Holmes / Simon Hicks / Fergus Sullivan (Corporate Finance)

Tim Redfern (ECM)


+44 (0)20 7220 0500

Stifel Nicolaus Europe Limited (Financial Adviser and Joint Corporate Broker)

Mark Young

Jonathan Wilkes-Green

Catriona Neville

+44 (0)20 7710 7600



About Barkby

Barkby is a roadside real estate business focused on building and scaling a high-quality portfolio of modern assets.



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