Refinance and Acquisition Completion

RNS Number : 0055P

Marlowe PLC

14 October 2021

 

14 October 2021

Marlowe plc

Refinance and Acquisition Completion

Marlowe plc ("Marlowe" or the "Group"), the UK leader in business-critical services and software which assure safety and regulatory compliance, announces that it has increased its finance facility with HSBC Bank PLC and National Westminster Bank PLC.  Total facilities have been increased from £90m to £130m and will provide further resources to support the Group's M&A strategy.

In addition, and further to the Company's announcement of 4 October 2021, the Group confirms that the Acquisition of Hydro-X Group Ltd has now completed.

For further information:

Marlowe plc	www.marloweplc.com
Alex Dacre, Chief Executive	Tel: [phone]
Adam Councell, Chief Financial Officer Julian Wais, Head of Investor Relations	[e-mail]
Cenkos Securities plc (Nominated Adviser and Joint Broker)
Nicholas Wells	Tel: [phone]
Ben Jeynes George Lawson
Berenberg (Joint Broker)
Ben Wright Mark Whitmore	Tel: [phone]
FTI Consulting
Nick Hasell Alex Le May	Tel: [phone]

About Marlowe plc

Marlowe is a UK leader in business-critical services and software which assure safety and regulatory compliance. The company was formed to create sustainable shareholder value through the acquisition and development of businesses that provide regulated safety and compliance services and software. It is focused on compliance software, eLearning, health & safety, employment law & HR compliance, fire safety & security, water & air hygiene and occupational health services - all of which are vital to the wellbeing of its customers operations and are invariably governed by regulation. Marlowe currently provides software to over 1 million users and services to over 25% of Britain's commercial premises. The Group provides customers with a single outsourced, nationwide, provider of a range of regulated compliance and safety solutions. Our customers can be found in office complexes, high streets & leisure facilities, manufacturing plants and industrial estates, and include thousands of SMEs, local authorities, facilities management providers, multi-site NHS trusts and FTSE 100 companies.

 

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