RE: Interview3 Jul 2019 15:59
We are pleased to have significantly reduced our payment obligations with both Altair and Riverfort and to have secured an extension of repayment until July 2020 with regard to the remaining balances outstanding under the facilities. This is an important step for the Group in optimising its balance sheet”, said Ian Pearson, chairman of EQTEC.
"This debt reduction, coupled with the placing proceeds and the planned cash cost reduction measures we are undertaking, will ensure the group is better positioned for future growth. We believe the market opportunity for EQTEC remains significant and the group is now much better placed to be able to deliver on its strategy to create shareholder value”, he added.