Marlowe PLC New debt facilities (6164D)
April 28 2017 - 1:00AM
UK Regulatory
TIDMMRL
RNS Number : 6164D
Marlowe PLC
28 April 2017
28 April 2017
Marlowe plc
New debt facilities
Marlowe plc ("Marlowe" or the "Company"), the support services
group focused on acquiring and developing companies that provide
critical asset maintenance services, is pleased to announce that it
has increased its current debt facility with Lloyds Bank by an
additional GBP5 million to GBP17.5 million.
At 31 March the Company had net cash of GBP2.7m.
The increased debt facility will provide further resources to
support the Company's acquisition-led growth strategy.
For further information:
Marlowe plc www.marloweplc.com
Alex Dacre, Chief Executive Tel: +44 (0) 203
813 8498
IR@marloweplc.com
Cenkos Securities plc (Nominated Adviser and
Broker)
Nicholas Wells, Tel: +44 (0)20 7397
Elizabeth Bowman 8900
FTI Consulting
Nick Hasell Tel: +44 (0)20 3727
1340
Alex Le May
About Marlowe plc
Marlowe is an AIM-listed company formed to create sustainable
shareholder value through the acquisition and development of
businesses that provide critical asset maintenance services in the
UK. It is focused on fire protection, security systems and water
treatment services - which are essential to its customers'
operations and invariably governed by regulation, and where
customers require a single specialist outsourced provider with
nationwide coverage. Our customers can be found on most high
streets, in office complexes and industrial estates, and include
SMEs, local authorities, facilities management providers,
multi-site NHS trusts and FTSE 100 companies.
This announcement contains inside information.
This information is provided by RNS
The company news service from the London Stock Exchange
END
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