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15 Jul 2013 07:00
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15 July 2013
Travelzest PLC
Β (the "Company")
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Further re: Credit Facility
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Further to the announcement on 9 July 2013, the Company is pleased to announce that its primary lending bank continues to remain supportive of the proposed strategy of the business and the primary lending bank has confirmed that it is its current intention to support the Company for the period up to and including 30 August 2013 whereupon it will reassess the position of the Company. This is notwithstanding that the Company must continue to comply with its other obligations under the facility arrangements and that the loan is now capable of being demanded by the primary lender at any time. Therefore, as previously stated the Company remains reliant on the support of it primary lending bank in order to continue to trade.
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The Company's interim results for the six months ended 30 April 2013 are expected to be released in late July 2013 when a further update as to the Company's trading and debt position will be given.
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Enquiries:
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Travelzest plc | |
Christopher Howell - Non-Executive Chairman | Via Redleaf Polhill |
Redleaf Polhill | +44 (0)20 7566 6720 |
Rebecca Sanders-Hewett / Jenny Bahr | travelzest@redleafpr.com |
Sanlam Securities UK Limited (Nominated Adviser and Broker) | +44 (0)20 7628 2200 |
Simon Clements / Virginia Bull | |
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Notes to Editors:
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Travelzest plc (LSE:TVZ.L) is a dynamic travel group, with a collection of online travel retailers. Included in the Travelzest agency family are itravel2000 and The Cruise Professionals. Β Travelzest is traded on London's AIM Exchange under the symbol TVZ.
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