7 Dec 2023 14:36
THIS ANNOUNCEMENT CONTAINS INSIDE INFORMATION FOR THE PURPOSES OF ARTICLE 7 OF EU REGULATION 596/2014, AS AMENDED (AS IT FORMS PART OF UK DOMESTIC LAW BY VIRTUE OF THE EUROPEAN UNION (WITHDRAWAL) ACT 2018.
7 December 2023
The 600 Group PLC
("600 Group", the "Group" or the "Company" and together with its subsidiaries the "Group")
Further re Debt Facilities
Further to the Company's announcement of 4 December 2023, 600 Group announces that the US Group companies have now received a notice from Bank of America of default and demand for payment in full of the Group's now expired and fully drawn US$5.5 million facility (the "Facility") by 15 December 2023. The Group remains in dialogue with the lender in respect of an extension to the Facility, which it is not currently in a position to repay, and the Group is also in discussions with other financial institutions with regard to other potential funding alternatives.
Further announcements will be made, as appropriate in due course.
Enquiries:
The 600 Group PLC Paul Dupee, Executive Chairman
| Tel: +1 407 818 1123 |
Cavendish Capital Markets Ltd (Nominated Adviser and Broker) Ben Jeynes / Dan Hodkinson (Corporate Finance) Henry Nicol (Sales)
| Tel: 020 7220 0500 |
SIXH.L (SIXH)