QUIZ Quiz Plc

TIDMQUIZ

RNS Number : 1105W

Quiz PLC

14 August 2020

QUIZ Plc

("QUIZ" or the "Group")

Extension to banking facilities

QUIZ announces that it has agreed an extension of its existing banking facilities with HSBC. The Group confirms that the total bank facilities currently available to it has increased from GBP1.75m to GBP3.50m, comprising an overdraft facility of GBP2.0m and a working capital facility of GBP1.5m (the "Facilities"). The Facilities will remain in place until the end of October 2020. There are no financial covenants applicable to the Facilities.

In addition to the Facilities, as at 13 August 2020 the Group had net cash of GBP5.70m.

Enquiries:

 
 QUIZ plc                                      Via Hudson Sandler 
 Tarak Ramzan, Chief Executive Officer 
  Gerry Sweeney, Chief Financial Officer 
  Sheraz Ramzan, Chief Commercial Officer 
 
 Panmure Gordon (Nominated Adviser and 
  Sole Broker) 
  Alina Vaskina / Joanna Langley (Corporate 
  Finance) 
  Erik Anderson (Corporate Broking)            +44 (0) 207 886 2500 
 Hudson Sandler LLP (Public Relations)         +44 (0) 207 796 4133 
 Alex Brennan                                  quiz@hudsonsandler.com 
  Lucy Wollam 
 

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