27 Jun 2016 07:00
27 June 2016
APC Technology Group PLC
("APC" or the "Group")
Change of advisor and extension of ABN working capital facilities
Change of advisor
APC Technology Group plc (AIM: APC), the provider of technologies and services intended to help improve organisational sustainability and specialist distributor of electronic components, announces that it has appointed Stockdale Securities Limited as nominated adviser and sole broker with immediate effect.
Extension of working capital facilities
The Board is very pleased to announce that it has extended the term of the £6m invoice finance facility with ABN Commercial Finance to 31 December 2017. This facility is less than 50% drawn and will provide working capital headroom as the Group continues to grow.
Richard Hodgson, Chief Executive of APC Technology Group PLC, commented:
"We are very happy to have extended the term of our invoice finance facility with ABN Commercial Finance out to 31 December 2017. ABN have been a great supporter of the business for the past 18 months and this facility will support our working capital as we grow the business"
Enquiries:
APC Technology Group PLC | +44 (0) 330 313 3220 |
Leonard Seelig, Chairman Richard Hodgson, Chief Executive
| www.apc-plc.co.uk |
Stockdale Securities Limited (Nominated Advisor and Broker) | 020 7601 6100 |
Mark Brown / Antonio Bossi
| |
Redleaf Communications (Financial PR) | 020 7382 4730 |
Rebecca Sanders-Hewett / David Ison / Susie Hudson | |