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Share Price: 38.10

Bid: 37.80

Ask: 38.15

Change: -0.90 (-2.31%)

Spread: 0.35 (0.926%)

Open: 39.50

High: 39.50

Low: 38.05

Prev. Close: 39.00

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Marston's bondholders approve waiver request after pubs forced to shut

Fri, 26th Mar 2021 11:37

(Alliance News) - Marston's PLC on Friday said bondholders approved its request for waivers in the second half of this year, as its pubs have been closed since December under lockdown rules.

Holders of 93% of the value of secured class A notes voted in favour of the waivers, Marston's said. Earlier this month, the Wolverhampton-based company announced the request for "a limited number of further technical waivers of its financial covenant" because of the enforced closure of its pubs.

Marston's previously asked for waivers in May and November 2020, which were approved.

Shares were up 2.3% to 98.45 pence in London.

By Ivan Edwards; ivanedwards@alliancenews.com

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16 Oct 2020 07:46

UPDATE 1-Wetherspoon calls for "sensible" UK rules as pub losses mount

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15 Oct 2020 11:10

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Marston's Slams UK Government Pub Restrictions, To Cut 2,150 Jobs

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12 Oct 2020 17:04

UPDATE 2-We won't survive: Liverpool pubs say new UK lockdown will wipe them out

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Marstons Share News (MARS)

Share Price Information for Marstons (MARS)

Marston's bondholders approve waiver request after pubs forced to shut

LIVE MARKETS-TGIF not for bar, pub operators

UPDATE 3-COVID curbs threaten UK economy, Wetherspoons says, as plunges to loss

UPDATE 2-Wetherspoon warns of coronavirus curb threat to British pubs, economy

UPDATE 1-Wetherspoon calls for "sensible" UK rules as pub losses mount

Marston's to axe 2,150 jobs as fresh restrictions bite

Marston's Slams UK Government Pub Restrictions, To Cut 2,150 Jobs

UPDATE 2-London stocks slump on further coronavirus lockdowns, Brexit uncertainty

UPDATE 2-Pub group Marston's could cut 2,150 jobs after new UK virus curbs

UPDATE 3-We won't survive: Liverpool pubs say new UK lockdown will wipe them out

UPDATE 2-We won't survive: Liverpool pubs say new UK lockdown will wipe them out

UPDATE 1-We won't survive: Liverpool pubs say new UK lockdown will wipe them out

We won't survive: Liverpool pubs say new UK lockdown will wipe them out

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