Last checked at 5 Oct 2018 07:00
CORAL PRODUCTS PLC
("Coral" or the "Company")
Compliance with bank lending covenants
In the Company's announcement dated 1 October 2018, it was noted that there had been historic breaches of financial covenants in the Company's mortgage loan facility in the year ended 30 April 2018.
The Board is pleased to announce that on 4 October 2018 the Company's bank agreed to waive any rights available to it as a result of such breaches.
This announcement contains inside information for the purposes of Article 7 of EU Regulation 596/2014.
Enquiries:
Coral Products plc | |
Joe Grimmond, Non-executive Chairman
Mick Wood, Chief Executive Officer | Tel: 07703 518 148
Tel: 01942 590272 |
Cairn Financial Advisers LLP | Tel: 020 7213 0880 |
Nominated Adviser | |
Tony Rawlinson / Liam Murray | |
Daniel Stewart & Company plc | Tel: 020 7776 6550 |
Broker | |
David Lawman Richard Potts Daphne Zhang | |
Capital Markets Consultants Limited | Tel: 07515 587 184 |
PR | |
Richard Pearson |
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