Christie Group PLC Trading update and 2019 results (9943N)
May 27 2020 - 1:00AM
UK Regulatory
TIDMCTG
RNS Number : 9943N
Christie Group PLC
27 May 2020
27 May 2020
Christie Group plc
("Christie Group" or the "Company")
Trading Update and Publication of 2019 Results
The Board of Christie Group plc (CTG.L), the leading provider of
Professional & Financial Services and Stock & Inventory
Systems & Services to the hospitality, leisure, healthcare,
medical, childcare & education and retail sectors, has issued
the following statement:
"Christie Group plc is pleased to advise that it has accepted
the offer of a CLBILS loan in the sum of GBP6 million.
The loan terms require that it is drawn down in full. The loan
will be additional to existing bank facilities and cash
resources.
The new loan is a precautionary and prudent measure ready to
assist with working capital and operational changes in response to
the disruption caused by the Covid19 pandemic as the Group's
businesses re-establish more normalised trading.
Chris Day has agreed to delay his retirement from the Board of
Christie Group plc and will now step down from the Board no later
than 30(th) September 2020.
In line with a number of other businesses, Christie Group plc
has obtained permission to delay the publication and filing of its
2019 annual results until no later than 30(th) September 2020, if
required. As previously reported, the Group expect the 2019 results
to be in line with market expectations."
Enquiries:
Christie Group plc
David Rugg
Chairman and Chief Executive 020 7227 0722
Dan Prickett
Chief Operating Officer 020 7227 0700
Shore Capital
Antonio Bossi / Sarah Mather
Nominated Advisor and Broker
020 7408 4090
Notes to Editors:
Christie Group plc, quoted on AIM, is a leading professional
business services group with 43 offices across the UK, Europe and
Canada, catering to its specialist markets in the hospitality,
leisure, healthcare, medical, childcare & education and retail
sectors.
Christie Group operates in two complementary business divisions:
Professional & Financial Services (PFS) and Stock &
Inventory Systems & Services (SISS). These divisions trade
under the brand names: PFS - Christie & Co, Pinders, Christie
Finance and Christie Insurance: SISS - Orridge, Venners and
Vennersys.
Tracing its origins back to 1846, the Group has a
long-established reputation for offering essential services to
client companies in agency, valuation services, investment,
consultancy, project management, multi-functional trading systems
and online ticketing services, stock audit and inventory
management. The diversity of these services provides a natural
balance to the Group's core agency business.
For more information, please go to www.christiegroup.com.
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END
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