Hayward Tyler Group PLC Update on banking facilities (8079G)
01 June 2017 - 4:11PM
UK Regulatory
TIDMHAYT
RNS Number : 8079G
Hayward Tyler Group PLC
01 June 2017
1 June 2017
Hayward Tyler Group plc
("Hayward Tyler", the "Company" or "Group")
Update on banking facilities
Further to the announcement of 28 April 2017 Hayward Tyler Group
plc, the specialist engineering Company comprising the operating
companies of Hayward Tyler and Peter Brotherhood, is pleased to
confirm that it continues to have constructive discussions with its
bank, Royal Bank of Scotland ("RBS"), regarding a suitable long
term financing structure to support the longer-term prospects of
the business. The Group also continues to have constructive
discussions with RBS with respect to the repayment of GBP2.4
million of short term banking facilities and the annualised
measurement of the financial covenants, both of which have been
extended from 31 May to 30 June 2017.
For further information:
Hayward Tyler Group plc +44 (0)1582 731 144
Ewan Lloyd-Baker, CEO
Nick Flanagan, CFO
FinnCap Limited, NOMAD and Broker +44 (0)20 7220 0500
Matt Goode / Emily Watts, Corporate Finance
Tim Redfern / Tony Quirke, Corporate Broking
Buchanan Communications, Financial PR +44(0)207 466 5000
Charles Ryland
Chris Judd
Jane Glover
The information communicated in this announcement is inside
information for the purposes of Article 7 of Regulation
596/2014.
Publication on Website
A copy of this announcement will be made available, subject to
certain restrictions relating to persons resident in restricted
jurisdictions, at
http://htg.global/investor-relations/takeover-code-requirements/ no
later than 12.00 noon (London time) on 1 June 2017 (being the
business day following the date of this announcement) in accordance
with Rule 26.1(a) of the Code. The content of the website referred
to in this announcement is not incorporated into and does not form
part of this announcement.
This information is provided by RNS
The company news service from the London Stock Exchange
END
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