TIDMPEB

RNS Number : 4227I

Pebble Beach Systems Group PLC

14 April 2022

14 April 2022

Pebble Beach Systems Group plc

("Pebble" or the "Group")

New Banking Facility & Notice of Full Year Results

New Term Loan Banking Facility

Pebble has a good relationship and communication with its bank Santander and is pleased to announce that it has secured a new term loan facility, refinancing the current revolving credit facility. The new GBP7.15 million term loan facility extends to 30 September 2024 with revised banking covenants and a repayment schedule consistent with previous years allowing us to make ongoing investment in new technology solutions.

Pebble has systematically reduced its bank debt from GBP11.5 million at 31 December 2017 to GBP7.55 million at the end of 2021 and to GBP7.15 million as of today. The reduction in bank debt has been made from operating cash flows at a rate of c.GBP1m per annum.

Notice of Full Year Results

Pebble expects to announce its full year results for the year ended 31 December 2021, on Thursday 5 May 2022 and for the results to be consistent with the trading update released on 25 January 2022.

For further information please contact:

 
 Peter Mayhead - CEO                               +44 (0) 75 55 59 36 
  David Dewhurst - CFO                              02 
 
 
   finnCap Ltd (Nominated Adviser and Broker 
   ) 
   Graham Cooke / Krishan Raval - Debt Advisory 
   Marc Milmo / Teddy Whiley - Corporate 
   Finance 
   Tim Redfern / Sunila de Silva - ECM               +44 (0) 207 220 0500

The Company is listed on the LSE AIM market (PEB.L). More information can be found at www.pebbleplc.com .

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END

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April 14, 2022 05:52 ET (09:52 GMT)

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