Source - LSE Regulatory
RNS Number : 6602S
Moonpig Group plc
13 March 2023
 

13 March 2023

Moonpig Group plc

Statement regarding SVB UK

Moonpig Group plc (the "Group") notes the recent developments relating to Silicon Valley Bank UK Limited ("SVB UK") and confirms it has no material exposure to SVB UK.

 

The Group has no cash on deposit with SVB UK and does not hold a bank account with them. SVB UK is one of ten lenders that provide senior debt facilities to the Group as part of a strong banking syndicate. The Group has significant liquidity headroom. Utilised and available facilities together total £242 million, which are committed until 8 December 2025. This excludes the £13 million undrawn portion of SVB UK's commitment.

 

Enquiries

 

Moonpig Group                                                                                    investors@moonpig.com, pressoffice@moonpig.com

Nickyl Raithatha, Chief Executive Officer

Andy MacKinnon, Chief Financial Officer

 

J.P. Morgan Cazenove (Corporate Broker to Moonpig Group)       +44 207 742 4000

Harry Hampson, Alex Watkins, Mose Adigun

 

 

About Moonpig

 

Moonpig Group plc (the "Group") is a leading online greeting cards and gifting platform, comprising the Moonpig, Red Letter Days and Buyagift brands in the UK and the Greetz brand in the Netherlands. The Group is the online market leader in cards in both of its markets and is also the UK market leader in gift experiences.

 

The Group's leading customer proposition includes an extensive range of cards, a curated range of gifts, personalisation features and next day delivery offering.

 

The Group offers its products through its proprietary technology platforms and apps, which utilise unique data science capabilities designed by the Group to optimise and personalise the customer experience and provide scalability. Learn more at https://www.moonpig.group/.

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