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Share Name | Share Symbol | Market | Type | Share ISIN | Share Description |
---|---|---|---|---|---|
Distribution Finance Capital Holdings Plc | LSE:DFCH | London | Ordinary Share | GB00BJ7HMR72 | ORD 1P |
Price Change | % Change | Share Price | Bid Price | Offer Price | High Price | Low Price | Open Price | Shares Traded | Last Trade | |
---|---|---|---|---|---|---|---|---|---|---|
0.00 | 0.00% | 22.50 | 20.00 | 25.00 | 22.50 | 22.50 | 22.50 | 221 | 07:32:49 |
Industry Sector | Turnover | Profit | EPS - Basic | PE Ratio | Market Cap |
---|---|---|---|---|---|
Public Finance, Taxation | 1.35M | 9.76M | 0.0544 | 4.14 | 40.36M |
TIDMDFCH
RNS Number : 3712M
Distribution Finance Cap. Hldgs PLC
10 May 2020
11 May 2020
Distribution Finance Capital Holdings plc
("DFC" or the "Company" or together with its subsidiaries the "DFC Group")
Temporary waiver granted by Lenders
On 28 April 2020, the Company announced that it was in ongoing constructive dialogue with its senior and senior mezzanine facility lenders (the "Lenders") to agree a temporary waiver of an early amortisation provision in its funding facilities to 30 June 2020.
Specific terms and covenants have now been agreed with the Lenders that support the loan book during the period of the waiver, which expires on 30 June 2020. Both the Lenders and the Company continue to monitor the emerging economic landscape alongside the plans and trading patterns of dealers and manufacturers in the post-lockdown period. In light of the specific terms of the waiver, whilst allowing the Company to support modest levels of new lending to its existing customer base, it is expected that, as previously announced, the loan book balance will reduce in the near-term.
The Company will provide further discussion of its future funding strategy on announcement of its full year results for the year ended 30 December 2019, which is expected to take place during early June with its Annual General Meeting convened thereafter.
Enquiries:
Distribution Finance Capital Holdings plc
Carl D'Ammassa - Chief Executive Officer +44 (0) 20 3937 6390
http://www.dfcapital-investors.com
Macquarie Capital (Europe) Limited (NOMAD and broker)
Alex Reynolds +44 (0) 20 3037 2000
Jonny Allison
Blue Pool Communications (Financial PR)
Nick Lord +44 (0) 7501 271 083
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.
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(END) Dow Jones Newswires
May 11, 2020 02:00 ET (06:00 GMT)
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