Last checked at 17 Jul 2014 13:39
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