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17 Jul 2014 13:39
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17 July 2014
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Progressive Digital Media Group plc ("Progressive" or "the Group")
New Banking Facilities
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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 Β£30million multi-currency facility includes a Β£10million term loan and a Β£20million revolving credit facility.
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The new banking arrangements provide sufficient liquidity for both general working capital requirements and where appropriate, the financing of further acquisitions.
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For further information please contact:
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Progressive Digital Media Group plc
Simon Pyper
Chief Executive
Tel: 0207 936 6400
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N+1 Singer
Nominated Adviser to the Company
James Maxwell/Nick Donovan
Tel: 0207 496 3000
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Hudson Sandler
Financial and Corporate Communication
Nick Lyon
Tel: 0207 796 4133
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