MOTHERCARE PLC
Response to recent media comment
Mothercare notes the recent media speculation regarding its banking facilities. In accordance with normal practice Mothercare is in regular dialogue with all of its financing partners, including the banks. As confirmed in the Q4 Trading Statement issued on 10th April 2014, underlying profit before tax for the year ended 29th March 2014 is expected to be in line with current market forecasts, and net debt is also expected to be in line with previous guidance. Mothercare is and expects to remain in compliance with the provisions and covenants of its facilities. Mothercare continues to discuss with its banks its future plans for the business and the consequential funding requirements, and is grateful to them for their continued support.
Enquiries to:
Mothercare plc
Matt Smith, Chief Financial Officer
Ramona Tipnis, Director of Investor Relations 01923 206455
Tulchan Communications
Katharine Wynne 020 7353 4200