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New Banking Facilities

17 Jul 2014 13:39

RNS Number : 6312M

Progressive Digital Media Group PLC

17 July 2014

Progressive Digital Media Group plc ("Progressive" or "the Group")

New Banking Facilities

Progressive is pleased to announce that it has negotiated new banking facilities with The Royal Bank of Scotland ("RBS"). A new 5 year facility replaces the Group's current arrangements which were due to expire in September 2015. The new £30million multi-currency facility includes a £10million term loan and a £20million revolving credit facility.

The new banking arrangements provide sufficient liquidity for both general working capital requirements and where appropriate, the financing of further acquisitions.

For further information please contact:

Progressive Digital Media Group plc

Simon Pyper

Chief Executive

Tel: 0207 936 6400

N+1 Singer

Nominated Adviser to the Company

James Maxwell/Nick Donovan

Tel: 0207 496 3000

Hudson Sandler

Financial and Corporate Communication

Nick Lyon

Tel: 0207 796 4133

This information is provided by RNS

The company news service from the London Stock Exchange

END

MSCUBOURSWABAAR

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1st Mar 2016	7:00 am	RNS	Final Results
26th Jan 2016	11:02 am	RNS	Holdings in Company and Director Shareholding
25th Jan 2016	8:00 am	RNS	Completion of Acquisition and Disposal
19th Jan 2016	1:31 pm	RNS	Result of General Meeting
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18th Dec 2015	7:00 am	RNS	Possible Acquisition and Disposal
1st Sep 2015	7:03 am	RNS	Completion of Acquisition
27th Jul 2015	7:01 am	RNS	Interim Results
27th Jul 2015	7:00 am	RNS	Acquisition of Business Assets from Informa plc
21st Apr 2015	12:52 pm	RNS	Result of Annual General Meeting

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