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Share Name | Share Symbol | Market | Type | Share ISIN | Share Description |
---|---|---|---|---|---|
Science Group Plc | LSE:SAG | London | Ordinary Share | GB00B39GTJ17 | ORD 1P |
Price Change | % Change | Share Price | Bid Price | Offer Price | High Price | Low Price | Open Price | Shares Traded | Last Trade | |
---|---|---|---|---|---|---|---|---|---|---|
3.00 | 0.71% | 427.00 | 420.00 | 434.00 | 427.00 | 427.00 | 427.00 | 3,032 | 08:00:00 |
Industry Sector | Turnover | Profit | EPS - Basic | PE Ratio | Market Cap |
---|---|---|---|---|---|
Business Consulting Svcs,nec | 98.82M | 10.56M | 0.2322 | 18.39 | 194.11M |
TIDMSAG
RNS Number : 5371Q
Science Group PLC
20 February 2019
20 February 2019
Science Group plc
("Science Group" or "Group" or "Company")
Extended Bank Facilities
As outlined in the announcement dated 24 January 2019 related to the corporate strategic review, the Group has now finalised the extension of the bank loan, increasing the debt from GBP12.75 million at 31 December 2018 to GBP17.5 million.
The repayment date of the additional GBP4.75 million is the same as the current loan, September 2026. An additional interest rate swap has been taken to fix the effective interest rate of the incremental debt at 4.0%. This is 0.5% above the rate fixed via similar swap instruments in 2016 which remain in place at an effective rate for the GBP12.75 million of 3.5%.
The other terms and conditions of the incremental loan are the same as the original facility as set out in the announcement on 16 September 2016.
For further information:
Science Group plc Tel: +44 (0) 1223 875200 Martyn Ratcliffe, Chairman Panmure Gordon (UK) Limited Dominic Morley/Alina Vaskina (Corporate Tel: +44 (0) 20 7886 Finance) 2500 Erik Anderson (Corporate Broking)
The information communicated in this announcement is inside information for the purposes of Article 7 of the Market Abuse Regulation 596/2014.
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.
END
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February 20, 2019 02:00 ET (07:00 GMT)
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