Source - LSE Regulatory
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 £7.15 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 £11.5 million at 31 December 2017 to £7.55 million at the end of 2021 and to £7.15 million as of today.  The reduction in bank debt has been made from operating cash flows at a rate of c.£1m 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

David Dewhurst - CFO

+44 (0) 75 55 59 36 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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