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Share Name | Share Symbol | Market | Type | Share ISIN | Share Description |
---|---|---|---|---|---|
Stagecoach Group Plc | LSE:SGC | London | Ordinary Share | GB00B6YTLS95 | ORD 125/228P |
Price Change | % Change | Share Price | Bid Price | Offer Price | High Price | Low Price | Open Price | Shares Traded | Last Trade | |
---|---|---|---|---|---|---|---|---|---|---|
0.00 | 0.00% | 104.70 | 104.80 | 105.00 | 0.00 | 00:00:00 |
Industry Sector | Turnover | Profit | EPS - Basic | PE Ratio | Market Cap |
---|---|---|---|---|---|
0 | 0 | N/A | 0 |
TIDMSGC
RNS Number : 2977Q
Stagecoach Group PLC
18 June 2020
18 June 2020
Covenant waiver
Stagecoach Group plc ("the Group") continues to take appropriate action to maximise financial flexibility as it negotiates the continuing challenges and uncertainty around COVID-19 and the UK's recovery. We have taken the precautionary measure of agreeing a covenant waiver for the periods ending 31 October 2020 and 1 May 2021 with our group of lending banks for our facilities expiring March 2025. As an alternative to the covenants, we have agreed minimum liquidity thresholds at 31 October 2020 and 1 May 2021.
Combined with the other actions outlined in our announcements on 23 March, 3 April and 28 May, the Group has strong liquidity, with available cash and undrawn, committed bank facilities of over GBP800m.
For further information, please contact :
Investors and analysts
Ross Paterson, Finance Director 07714 667897 Bruce Dingwall, Group Financial Controller 07917 555293
Media
Steven Stewart, Director of Communications 07764 774680 John Kiely, Smithfield Consultants 07785 275665
The person responsible for arranging the release of this announcement on behalf of Stagecoach Group plc is Mike Vaux, Company Secretary.
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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(END) Dow Jones Newswires
June 18, 2020 02:00 ET (06:00 GMT)
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