Buy
Sell
Share Name Share Symbol Market Type Share ISIN Share Description
Rockpool Acquisitions Plc LSE:ROC London Ordinary Share GB00BF2MWC40 ORD GBP0.05
  Price Change % Change Share Price Bid Price Offer Price High Price Low Price Open Price Shares Traded Last Trade
  0.00 0.0% 9.00 0.00 01:00:00
Industry Sector Turnover (m) Profit (m) EPS - Basic PE Ratio Market Cap (m)
General Financial 0.0 0.0 0.3 33.3 1

Rockpool Acquisitions PLC Successful Refinancing of Greenview Gas Limited

06/11/2020 4:14pm

UK Regulatory (RNS & others)


TIDMROC

RNS Number : 5693E

Rockpool Acquisitions PLC

06 November 2020

 
      Press release        6 November 2020 
 

The information contained within this announcement is deemed by the Company to constitute inside information stipulated under the Market Abuse Regulation (EU) No. 596/2014. Upon the publication of this announcement via the Regulatory Information Service, this inside information is now considered to be in the public domain.

Rockpool Acquisitions Plc

("Rockpool" or "the Company")

Refinancing of Greenview Gas Limited ("Greenview")

As reported in the Chairman's Statement included in the Company's annual report for the year ended 31 March 2020, Greenview has been in negotiations to refinance its existing debt facilities ("the Existing Debt") with ExWorks and one other lender. The Board is pleased to be able to announce that the refinancing process has been successfully completed. Greenview has now drawn down GBP4.5m of debt from alternative lender BOOST&Co, which has allowed it to fully refinance the Existing Debt and leave it with some additional working capital. The new facility, which has been provided under the government's CBILS programme amortises over a period of 5 years. It carries an interest rate that is considerably lower than the rate originally payable on the Existing Debt.

The new facility is secured by first ranking security over the assets of Greenview and the over the assets of the active trading subsidiaries of Greenview. Security previously created in favour of Rockpool by certain of those companies is fully subordinated to and ranks after the corresponding security in favour of the new lender pursuant to the terms of a deed of priorities (which restricts any enforcement of security by Rockpool subject to limited exceptions whilst the new lender's security remains outstanding). The deed of priorities provides that the proceeds from any enforcement of any of the security is to be applied first in discharge of indebtedness due to the new lender before application towards the Rockpool indebtedness.

Greenview was advised on the funding by LGF Partners and legal advice was provided by leading next generation City law firm, McCarthy Denning.

Now that the refinancing has completed, the Board and the management of Greenview will turn their attention to the timing of the process of completing the acquisition of Greenview by the Company and the preparation and submission for approval of a prospectus allowing for Rockpool's shares to be readmitted to the Official List.

The Board of the Company will update the market further as and when necessary.

Ends -

For further information please contact:

 
      Rockpool Acquisitions Plc 
      Mike Irvine, Non-Executive Director                mike@cordovancapital.com 
                                                  www.rockpoolacquisitions.plc.uk 
 
 
      Shard Capital (Broker) 
      Damon Heath / Erik Woolgar        Tel: +44 (0)20 7186 9952 
 
 
      Abchurch (Financial PR) 
      Julian Bosdet                           Tel: +44 (0)20 4594 4070 
                                      julian.bosdet@abchurch-group.com 
 

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.

RNS may use your IP address to confirm compliance with the terms and conditions, to analyse how you engage with the information contained in this communication, and to share such analysis on an anonymised basis with others as part of our commercial services. For further information about how RNS and the London Stock Exchange use the personal data you provide us, please see our Privacy Policy.

END

MSCFSEFMMESSEFF

(END) Dow Jones Newswires

November 06, 2020 11:14 ET (16:14 GMT)

1 Year Rockpool Acquisitions Chart

1 Year Rockpool Acquisitions Chart

1 Month Rockpool Acquisitions Chart

1 Month Rockpool Acquisitions Chart
ADVFN Advertorial
Your Recent History
LSE
ROC
Rockpool A..
Register now to watch these stocks streaming on the ADVFN Monitor.

Monitor lets you view up to 110 of your favourite stocks at once and is completely free to use.

By accessing the services available at ADVFN you are agreeing to be bound by ADVFN's Terms & Conditions

P: V:gb D:20210801 22:54:14