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Market Cap: £2.18m
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Loan Refinancing

9 Apr 2019 07:00

RNS Number : 5006V
Rosslyn Data Technologies PLC
09 April 2019
 

 

9 April 2019

 

Rosslyn Data Technologies plc

(the "Company" or "Rosslyn")

 

Loan Refinancing

 

Rosslyn Data Technologies plc (AIM: RDT), a leading global big data technology company, is pleased to announce that it has refinanced the debt it assumed as part of the Company's acquisition of Integritie (UK) Limited in April 2017 (the "Integritie Debt").

 

The new, three year, £1.5 million, secured facility is with Clydesdale Bank and is on equivalent terms, with an interest rate of 7.75% plus 3 month LIBOR. £1.0 million will be drawn down immediately and used to repay the Integritie Debt of £0.75 million, the majority of which was maturing this year. The balance is expected to be used for working capital purposes. Repayment of the £1.0 million will be made over 11 equal quarterly installments, starting on 28 September 2019, and with any other drawings to be repaid by 28 March 2022.

Rosslyn CEO, Roger Bullen said, "I am delighted that we have been able to replace our existing debt with a facility from Clydesdale Bank, which I believe demonstrates confidence in Rosslyn as a maturing business as it prepares for future growth. The refinancing of the Integritie Debt and conclusion of outstanding earn-out provisions now ends all financing arrangements with the vendors of Integritie. The Rosslyn business continues to perform and I look forward to releasing a trading update in May."

 

 

 Rosslyn Data Technologies plc

Roger Bullen,

Chief Executive Officer

 

+44(0)20 7138 3203

+44(0)77 7162 3345

 

Cenkos Securities -

Nominated Adviser, Broker

Stephen Keys/Giles Balleny

 

+44(0)20 7397 8924

 

Notes to Editors

Rosslyn Data Technologies plc, (AIM: RDT) is a leading provider of a cloud-based data analytics platform. The company provides analytical services by combining four key technologies: bulk data extraction; cleansing; enrichment; and visualisation, through a single cloud platform enabling users with detailed data to make more informed decisions. Rosslyn's RAPid platform is the Group's primary product available to its multinational customers. Rosslyn Data Technologies plc is the ultimate holding company of the Group and owns Rosslyn Analytics Limited and Integritie (UK) Ltd.

 

Further information can also be found on the Company's website at: www.rosslyndatatech.com

 

This information is provided by RNS, the news service of the London Stock Exchange. RNS is approved by the Financial Conduct Authority to act as a Primary Information Provider in the United Kingdom. Terms and conditions relating to the use and distribution of this information may apply. For further information, please contact rns@lseg.com or visit www.rns.com.
 
END
 
 
IODLLFERSAITIIA
Date   Source Headline
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25th Jul 20194:58 pmRNSDirector/PDMR Shareholding
9th Jul 20197:00 amRNSContract Win
17th Jun 20193:04 pmRNSExercise of Options, Director/PDMR Shareholding
30th May 20192:53 pmRNSDirector/PDMR Shareholding
29th May 20197:00 amRNSTrading Update
20th May 20197:00 amRNSBoard Changes
11th Apr 20197:00 amRNSBoard Appointment
9th Apr 20197:00 amRNSLoan Refinancing
25th Feb 20191:54 pmRNSHolding(s) in Company
11th Feb 20197:00 amRNSContract Wins
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30th Nov 201812:38 pmRNSDirector/PDMR Shareholding
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7th Nov 20185:29 pmRNSResult of AGM
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1st Oct 20188:24 amRNSFinal Results
27th Sep 201810:06 amRNSTrading Update
3rd Sep 20187:00 amRNSContract Win
25th Jul 201811:14 amRNSDirector/PDMR Dealing and Issue of Equity
23rd Jul 20187:00 amRNSBoard Appointment and Changes
16th Jul 20184:47 pmRNSHolding(s) in Company
3rd Jul 201812:25 pmRNSContract Win
26th Jun 20187:00 amRNSTrading Update
22nd May 20189:44 amRNSHolding(s) in Company
10th May 201811:07 amRNSHolding(s) in Company
3rd Apr 201811:15 amRNSHolding(s) in Company
28th Feb 201811:27 amRNSDirector/PDMR Shareholding
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2nd Nov 20178:29 amRNSHolding(s) in Company
17th Oct 20172:08 pmRNSPosting of Annual Report
27th Sep 20174:53 pmRNSDirector/PDMR Shareholding
15th Sep 20178:00 amRNSGrant of Options
31st Aug 20172:46 pmRNSDirector/PDMR Shareholding
30th Aug 20179:22 amRNSFinal Results
31st Jul 20177:00 amRNSContract Wins
12th Jul 20174:03 pmRNSHolding(s) in Company
17th May 20174:16 pmRNSHolding(s) in Company
16th May 20172:41 pmRNSDirector/PDMR Shareholding
16th May 201711:49 amRNSHolding(s) in Company
16th May 201711:46 amRNSHolding(s) in Company
15th May 20175:33 pmRNSHolding(s) in Company

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