Coral Products PLC Repayment of CBIL (2735X)
April 30 2021 - 07:43AM
UK Regulatory
TIDMCRU
RNS Number : 2735X
Coral Products PLC
30 April 2021
Coral Products plc
("Coral" or the "Company")
Repayment of Coronavirus Business Interruption Loan
Coral Products plc, a specialist in the design, manufacture and
supply of plastic products based in Wythenshawe, Manchester is
pleased to report that further to the continuing strategic review
it has repaid the outstanding balance, in the sum of GBP402,380.96,
of the Coronavirus Business Interruption Loan ("CBIL"). This
repayment allows the Company to return to normal commercial
operations.
Executive Chairman, Joe Grimmond, said : "Following the
repayment of the CBIL, we are enabling a return to normal business
activity, with three profitable, cash generative businesses, a
strong balance sheet and a healthy cash balance. This will support
organic growth whilst allowing for us to seek acquisitions to
augment our existing activities and reward shareholders for their
long term support."
For further information, please contact:
Coral Products plc Tel: 07703
Joe Grimmond, Executive Chairman 51 8148
Nominated Adviser & Broker
WH Ireland Limited Tel: 0207 220
Adrian Hadden 1666
Darshan Patel
Lydia Zychowska
Jasper Berry (Corporate Broking)
Capital Markets Consultants Tel: 07515
Limited 587 184
Richard Pearson
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