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GETB Getbusy Plc

69.00
0.50 (0.73%)
Last Updated: 08:03:14
Delayed by 15 minutes
Share Name Share Symbol Market Type Share ISIN Share Description
Getbusy Plc LSE:GETB London Ordinary Share GB00BG0TSD71 ORD 0.15P
  Price Change % Change Share Price Bid Price Offer Price High Price Low Price Open Price Shares Traded Last Trade
  0.50 0.73% 69.00 68.00 70.00 69.00 68.50 68.50 10,000 08:03:14
Industry Sector Turnover Profit EPS - Basic PE Ratio Market Cap
Prepackaged Software 21.11M -227k -0.0046 -150.00 34.28M

GetBusy PLC No exposure from Silicon Valley Bank situation (7200S)

13/03/2023 7:00am

UK Regulatory


Getbusy (LSE:GETB)
Historical Stock Chart


From Jun 2022 to Jun 2024

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TIDMGETB

RNS Number : 7200S

GetBusy PLC

13 March 2023

13 March 2023

GetBusy plc

No exposure from Silicon Valley Bank situation

GetBusy plc ("GetBusy" or the "Group") (AIM: GETB), a leading provider of productivity software for professional and financial services, provides an update on the potential impact to the Group from the developing situation with regard to Silicon Valley Bank ("SVB").

As previously announced, the GBP2million loan facility with SVB was cancelled on 28 February 2023 and was replaced with a GBP2million facility with DJZ Investments Pty Limited. Following this executed change, the Group has no exposure to SVB for any loan facilities.

Following the Joint Statement from the US Department of the Treasury, Federal Reserve, and FDIC on 12 March, the Group has no exposure to uninsured deposits with SVB.

The Board will continue to monitor the situation and will make further announcements in due course if required.

 
 GetBusy plc 
  investors@getbusy.com 
 finnCap (Nominated Adviser and Broker) 
  Matt Goode / Charlie Beeson / Milesh Hindocha 
  (Corporate Finance)                                 +44 (0)20 7220 
  Alice Lane / Harriet Ward (ECM)                      0500 
 Alma PR (Financial PR)                              +44 (0)20 7886 
  Hilary Buchanan / Andy Bryant / Hannah Campbell     2500 
 

About GetBusy

GetBusy's specialist productivity software solutions enable growing businesses to work securely and efficiently with their customers, suppliers and teams anytime, anywhere. Our solutions can be delivered flexibly across cloud, mobile, hosted and on-premise platforms, whilst integrating seamlessly with a wide variety of other class-leading core business systems.

With over 75,000 paying users and over 3 million collaborators across multiple market sectors and jurisdictions, GetBusy is an established and fast-growing SaaS business delivering sustained double-digit growth in high-quality recurring subscription revenue over the long term.

Further information on the Group is available at www.getbusyplc.com

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END

MSCZZGMFVFRGFZG

(END) Dow Jones Newswires

March 13, 2023 03:00 ET (07:00 GMT)

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