14 Aug 2020 07:00
QUIZ Plc
("QUIZ" or the "Group")
Extension to banking facilities
QUIZ announces that it has agreed an extension of its existing banking facilities with HSBC. The Group confirms that the total bank facilities currently available to it has increased from £1.75m to £3.50m, comprising an overdraft facility of £2.0m and a working capital facility of £1.5m (the "Facilities"). The Facilities will remain in place until the end of October 2020. There are no financial covenants applicable to the Facilities.
In addition to the Facilities, as at 13 August 2020 the Group had net cash of £5.70m.
Enquiries:
QUIZ plc | Via Hudson Sandler |
Tarak Ramzan, Chief Executive Officer Gerry Sweeney, Chief Financial Officer Sheraz Ramzan, Chief Commercial Officer | |
Panmure Gordon (Nominated Adviser and Sole Broker) Alina Vaskina / Joanna Langley (Corporate Finance) Erik Anderson (Corporate Broking)
| +44 (0) 207 886 2500 |
Hudson Sandler LLP (Public Relations) | +44 (0) 207 796 4133 |
Alex Brennan Lucy Wollam | quiz@hudsonsandler.com |
Quiz (QUIZ)