TIDMMSQ

RNS Number : 7939G

Media Square PLC

18 May 2011

Media Square plc (the "Group" or "MSQ")

Increase in revolving credit facility

The Board of Media Square plc (AIM: MSQ) is pleased to announce that it has agreed with Bank of Scotland plc, part of Lloyds Banking Group (LBG), an increase in the size of its revolving credit facility ("RCF") from GBP4m to GBP6m. This facility agreement will run until 31 October 2012.

At 28 February 2011 (the end of the Group's financial year), the Group was utilising GBP0.9m of its existing RCF. The increase in the facility will provide the Group with greater flexibility as it continues to execute its growth plan.

Peter Reid, Group Chief Executive commented:

"We are grateful for the on-going support of LBG. As the Group continues to move forward, this refinement provides us with a facility more suited to our next stage of development and enables us to press ahead with the implementation of our strategic plan with confidence".

For further information please contact:

 
 Media Square plc    www.mediasquare.co.uk 
 Roger Parry         020 3026 6601 
 Peter Reid          020 3026 6607

This information is provided by RNS

The company news service from the London Stock Exchange

END

MSCSFLESWFFSEFI

Media Square (LSE:MSQ)
Historical Stock Chart
From Feb 2025 to Mar 2025 Click Here for more Media Square Charts.
Media Square (LSE:MSQ)
Historical Stock Chart
From Mar 2024 to Mar 2025 Click Here for more Media Square Charts.