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Pin to quick picksCoral Products Regulatory News (CRU)

Share Price Information for Coral Products (CRU)

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Share Price: 9.60
Bid: 9.20
Ask: 10.00
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Compliance with bank lending covenants

5 Oct 2018 07:00

RNS Number : 0550D
Coral Products PLC
05 October 2018
 

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

 

 

END

 

This information is provided by RNS, the news service of the London Stock Exchange. RNS is approved by the Financial Conduct Authority to act as a Primary Information Provider in the United Kingdom. Terms and conditions relating to the use and distribution of this information may apply. For further information, please contact rns@lseg.com or visit www.rns.com.
 
END
 
 
MSCBRBDGSGGBGIS
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