AGM Statement

RNS Number : 1854D

GlobalData PLC

25 April 2017

 

25 April 2017

GlobalData Plc

("GlobalData" or the "Group")

Annual General Meeting ("AGM") Statement

GlobalData announces that at its AGM today the following statements will be made by the Chairman:-

New Banking Facilities

As announced on 19 April 2017, we have negotiated new banking facilities with The Royal Bank of Scotland, HSBC and Bank of Ireland. A new five year facility replaces the Group's current arrangements which were due to expire in July 2019. The new £75 million committed multi-currency facility includes a £30 million term loan, a £30 million acquisition revolving credit facility, a £15 million working capital revolving credit facility and a £25 million uncommitted accordion facility.

The new banking arrangements provide significant available liquidity for both general working capital requirements and where appropriate, the financing of further acquisitions.

We are very pleased to have received such strong support from both our existing bank, The Royal Bank of Scotland, and our new lenders.

Capital Markets Day

We will be holding a Capital Markets Day on 23 May 2017 at our offices for analysts and accredited institutional investors.  In a series of presentations, GlobalData will focus on its sales and marketing strategy and will provide live demonstrations of its product offering.  For the avoidance of doubt, no new material trading or financial information will be disclosed.

Kelsey van Musschenbroek and Mark Freebairn

I should also like to express my thanks to Kelsey van Musschenbroek and Mark Freebairn, who are stepping down today, for their help and hard work and for their years of service. I also welcome our recently appointed non-executive directors Annette Barnes and Andrew Day.

ENQURIES GlobalData Plc	0207 936 6400
Mike Danson, Chief Executive
Simon Pyper, Group Financial Officer
N+1 Singer	0207 496 3000
James Maxwell
James White
Hudson Sandler Nick Lyon	0207 796 4133

 

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