Share Name Share Symbol Market Type Share ISIN Share Description
Sutton Harbour Group Plc LSE:SUH London Ordinary Share GB0008659202 ORD 1P
  Price Change % Change Share Price Bid Price Offer Price High Price Low Price Open Price Shares Traded Last Trade
  0.00 0.0% 19.00 18.00 20.00 19.00 19.00 19.00 57,721 08:00:00
Industry Sector Turnover (m) Profit (m) EPS - Basic PE Ratio Market Cap (m)
Industrial Transportation 6.9 1.5 1.7 11.3 22

Sutton Harbour Group PLC Revised Bank Facility

26/05/2020 7:01am

UK Regulatory (RNS & others)

Sutton Harbour (LSE:SUH)
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RNS Number : 8364N

Sutton Harbour Group PLC

26 May 2020

26 May 2020

Sutton Harbour Group plc

("Sutton Harbour" or the "Company")

Revised Bank Facility

The Company reports that it has successfully negotiated and achieved completion of a revised committed bank facility with incumbent bankers, National Westminster Bank plc. The revised facility allows for the revolving credit facility to be extended by GBP2m for twelve months (with the possibility of a further twelve month extension), on terms no less favourable than the pre-existing facility, to provide additional headroom should it be needed as a result of disrupted trading caused by the Covid-19 government restrictions. The total bank facility is thereby increased to GBP27m from GBP25m as a result of this revision.

Further to the announcement made on 27 March 2020, the Company continues to remain in close contact with its tenants, customers and key stakeholders and is keeping a close watch on changes to government restrictions to allow preparations for the re-opening of facilities, in accordance with official guidance, to be made. Following the government guidance, the Company is pleased that berth-holders are now accessing their boats berthed in the marinas and that the re-awakening of the facilities is proceeding with appropriate care.


 Sutton Harbour Group        +44 (0) 1752 204186   Philip Beinhaker, Executive Chairman 
  plc                                               Corey Beinhaker, Chief Executive Officer 
                                                    Natasha Gadsdon, Finance Director 
 Arden Partners (Nominated   +44 (0)20 7614 5917   Paul Shackleton, Ben Cryer 

Notes to Editors

Sutton Harbour Group plc (SUH) is an AIM listed company specialising in marine operations, waterfront regeneration and destination creation in Plymouth and South West England.

The Company operates Sutton Harbour Marina, King Point Marina and Plymouth Fisheries. Operational activities include mixed-use lettings, car parking and support services to harbour users, property management and regeneration and asset enhancement.

Sutton Harbour Group plc is committed to being the leading marine and waterfront regeneration specialist in Southern England, and to positioning Sutton Harbour in Plymouth as a destination of national interest.

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 or visit



(END) Dow Jones Newswires

May 26, 2020 02:01 ET (06:01 GMT)

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