SAG Science Group Plc

TIDMSAG

RNS Number : 5371Q

Science Group PLC

20 February 2019

20 February 2019

Science Group plc

("Science Group" or "Group" or "Company")

Extended Bank Facilities

As outlined in the announcement dated 24 January 2019 related to the corporate strategic review, the Group has now finalised the extension of the bank loan, increasing the debt from GBP12.75 million at 31 December 2018 to GBP17.5 million.

The repayment date of the additional GBP4.75 million is the same as the current loan, September 2026. An additional interest rate swap has been taken to fix the effective interest rate of the incremental debt at 4.0%. This is 0.5% above the rate fixed via similar swap instruments in 2016 which remain in place at an effective rate for the GBP12.75 million of 3.5%.

The other terms and conditions of the incremental loan are the same as the original facility as set out in the announcement on 16 September 2016.

For further information:

 
 Science Group plc                         Tel: +44 (0) 1223 875200 
  Martyn Ratcliffe, Chairman 
 Panmure Gordon (UK) Limited 
 Dominic Morley/Alina Vaskina (Corporate       Tel: +44 (0) 20 7886 
  Finance)                                                     2500 
  Erik Anderson (Corporate Broking) 
 

The information communicated in this announcement is inside information for the purposes of Article 7 of the Market Abuse Regulation 596/2014.

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

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