15 Aug 2012 09:00
DCD Media plc
("DCD" or "the Company")
Extension of bank loan
The Company is pleased to announce that it has entered in to a new facility with Coutt's bank. The facility is for £1,200,000, incurs interest at 3.5 per cent. above Libor and is repayable by 30 November 2014 in quarterly instalments. The loan will be used to repay existing indebtedness of approximately £500,000 and the balance for general corporate purposes including the payment of expenses incurred in the recent corporate transaction. In addition to the loan facility, the Company retains an overdraft facility of £500,000 with Coutt's which the directors of DCD expect to be fully utilised in meeting the working capital requirements of the Company.
For further information please contact:
Sammy Nourmand, Chief Executive
DCD Media plc
Tel: 020-8563 6976
Stuart Andrews/Charlotte Stranner/Rose Herbert
finnCap
Tel: 020-7220 0500