finnCap Group PLC Property Financing (8365N)
May 26 2020 - 1:01AM
UK Regulatory
TIDMFCAP
RNS Number : 8365N
finnCap Group PLC
26 May 2020
26 May 2020
finnCap Group plc
("finnCap" or the "Group")
Property Financing
Further to its announcement of 17 January 2020, the Group has
now finalised the financing for the fit out of its new offices in 1
Bartholomew Close. On 22 May 2020 Cavendish Corporate Finance
Limited ("Cavendish Corporate Finance") entered into a loan
agreement with National Westminster Bank plc ("Natwest") for an
amount of GBP1.8m, with a fixed interest rate of 3.65% repayable in
equal monthly instalments over 5 years. The Group and its
subsidiaries have given a charge over their assets and issued cross
guarantees as security for the loan which is also subject to
covenants related to the trading performance of Cavendish Corporate
Finance.
The current financial year has started well in both of the
Group's divisions and, although a number of M&A deals have been
delayed, we are encouraged by the remaining pipeline of
transactions for the first quarter. The Group will provide a
further trading update with the announcement of its results for the
year ended 31 March 2020.
Contacts
finnCap Group plc Tel: +44 (0) 20 7220 0500
Sam Smith, Chief Executive Officer
investor.relations@finncap.com
Richard Snow, Chief Financial Officer
Grant Thornton (Nominated Adviser) Tel: +44 (0) 20 7383 5100
Philip Secrett/Samantha Harrison/Seamus Fricker
finnCap Ltd (Broker) Tel: +44 (0) 20 7220 0500
Rhys Williams
Tim Redfern
This information is provided by RNS, the news service of the
London Stock Exchange. RNS is approved by the Financial Conduct
Authority to act as a Primary Information Provider in the United
Kingdom. Terms and conditions relating to the use and distribution
of this information may apply. For further information, please
contact rns@lseg.com or visit www.rns.com.
END
FURDBGDULBDDGGU
(END) Dow Jones Newswires
May 26, 2020 02:01 ET (06:01 GMT)
Finncap (LSE:FCAP)
Historical Stock Chart
From Mar 2024 to Apr 2024
Finncap (LSE:FCAP)
Historical Stock Chart
From Apr 2023 to Apr 2024