Utilitywise plc Half-year net debt (7093D)
02 February 2018 - 6:00PM
UK Regulatory
TIDMUTW
RNS Number : 7093D
Utilitywise plc
02 February 2018
2 February 2018
Utilitywise plc
("Utilitywise" or "the Group")
Half-year net debt
Utilitywise plc (AIM:UTW), a leading independent utility cost
management consultancy, announces that its closing net debt as at
31 January 2018 was GBP15.0 million. This represents a GBP4.0
million (21%) reduction in the Group's net borrowings position
since 31 July 2017, as a result of the cash generation of the Group
during the first half of its financial year ended 31 July 2018
("FY18").
The closing net debt of GBP15.0 million comprises GBP11.9
million of net bank borrowings and GBP3.1 million of other
loans.
The GBP11.9 million of net bank borrowings is funded by a bank
facility of GBP25 million.
The GBP3.1 million of other loans are due for repayment between
2018 and 2022.
A further update regarding trading in the first half of FY18
will be given in due course.
This announcement contains inside information for the purposes
of Article 7 of EU Regulation 596/2014
For further information
Utilitywise plc 0330 303 0233
Brendan Flattery (CEO)
Richard Laker (CFO)
finnCap (NOMAD and broker) 020 7220 0500
Matt Goode / Henrik Persson (Corporate
Finance)
Simon Johnson (Corporate Broking)
Liberum (Joint broker) 020 3100 2000
Robert Morton / Steve Pearce
Redleaf Communications 020 3757 6865
Robin Tozer / Elisabeth Cowell
Utilitywise is a leading independent utility cost management
consultancy, which has established trading relationships with a
number of major UK and European energy suppliers and provides
services to its customers designed to assist them in achieving
better value out of their energy contracts, reduced energy
consumption and lower carbon footprint. Utilitywise is a UK company
quoted on the AIM market of the London Stock Exchange. For more
information, please visit www.utilitywise.com.
This information is provided by RNS
The company news service from the London Stock Exchange
END
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