Compliance with bank lending covenants

RNS Number : 0550D

Coral Products PLC

05 October 2018

 

CORAL PRODUCTS PLC

("Coral" or the "Company")

Compliance with bank lending covenants 

In the Company's announcement dated 1 October 2018, it was noted that there had been historic breaches of financial covenants in the Company's mortgage loan facility in the year ended 30 April 2018.

The Board is pleased to announce that on 4 October 2018 the Company's bank agreed to waive any rights available to it as a result of such breaches.

This announcement contains inside information for the purposes of Article 7 of EU Regulation 596/2014.

Enquiries:

Coral Products plc
Joe Grimmond, Non-executive Chairman Mick Wood, Chief Executive Officer	Tel: [phone] Tel: [phone]
Cairn Financial Advisers LLP	Tel: [phone]
Nominated Adviser
Tony Rawlinson / Liam Murray
Daniel Stewart & Company plc	Tel: [phone]
Broker
David Lawman Richard Potts Daphne Zhang
Capital Markets Consultants Limited	Tel: [phone]
PR
Richard Pearson

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