6 Mar 2018 11:30
Prior to publication, certain information contained within this announcement was deemed to constitute inside information for the purposes of Article 7 of EU Regulation 596/2014 (MAR). Upon publication of this announcement, this information is now considered to be in the public domain.
6 March 2018
reach4entertainment enterprises plc
("r4e", the "Company" or the "Group")
Banking update
Further to the announcement on 18 October 2017, regarding r4e's banking facilities with PNC Business Credit, a trading style of PNC Financial Services UK Ltd ("PNC"), r4e is pleased to confirm that, as anticipated, PNC has today formally agreed to issue a waiver of its rights in connection with the breach by the Company of its rolling 3-months monitoring covenant in the third quarter of 2017. As announced in the year-end trading update on 7 February 2018, the Company stayed within its key overall full-year monitoring covenants for 2017.
Enquiries:
reach4entertainment enterprises plc | |
Marc Boyan, Chief Executive Officer | +44 (0) 20 7968 1655 |
Allenby Capital (Nominated Adviser and Broker) | |
Jeremy Porter/James Reeve | +44 (0) 20 3328 5656 |
Novella Communications (Financial PR) | |
Tim Robertson/Toby Andrews | +44 (0) 20 3151 7008 |