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Share Name | Share Symbol | Market | Type | Share ISIN | Share Description |
---|---|---|---|---|---|
Synergia Energy Ltd | LSE:SYN | London | Ordinary Share | AU0000233538 | ORD NPV |
Price Change | % Change | Share Price | Bid Price | Offer Price | High Price | Low Price | Open Price | Shares Traded | Last Trade | |
---|---|---|---|---|---|---|---|---|---|---|
0.00 | 0.00% | 0.12 | 0.115 | 0.125 | 0.12 | 0.12 | 0.12 | 17,736,807 | 08:00:00 |
Industry Sector | Turnover | Profit | EPS - Basic | PE Ratio | Market Cap |
---|---|---|---|---|---|
Crude Petroleum & Natural Gs | 1.3M | -5.38M | -0.0006 | -2.00 | 10.1M |
TIDMSYN
RNS Number : 0763E
Synnovia PLC
01 July 2019
1 July 2019
Synnovia plc
("Synnovia" or the "Group")
Refinancing of Banking Arrangements
The Company is pleased to announce that it has signed new committed banking arrangements with Barclays. The new arrangements, with maximum draw down of GBP25.3 million, have a final maturity date of June 2023; they have been structured by means of a senior term loan, together with invoice discounting, asset finance and export finance facilities, and an overdraft. These new arrangements will replace those existing with Barclays that were due to mature in June 2021.
Commenting, Faisal Rahmatallah, Chairman, said: "We are pleased to report the refinancing of our facilities with Barclays, who have been our bankers for the last eight years. The new facilities give us the financial flexibility to support our continued organic growth."
For further information, please contact:
Synnovia plc Tel: 020 7978 0574 Faisal Rahmatallah, Chairman Nick Ball, Finance Director Cenkos Securities Tel: 020 7397 8900 (Nomad and joint broker) Mark Connelly Callum Davidson Allenby Capital Limited Tel: 020 3328 5656 (Joint broker) David Hart
Notes to Editors
Synnovia is a specialist manufacturer of industrial components and consumables. Applications for these products vary widely and examples include:
-- Packaging for the food manufacturing and distribution - films, sacks and pouches
-- Steering columns and instrument control knobs in the automotive industry - plastic ball bearings
-- Hydraulic and industrial rubber hose manufacture - various types of plastic mandrel -- Cardboard box manufacture - creasing matrices
Synnovia's business model is based on understanding customers' problems in depth, and then developing and mass producing proprietary, technical solutions for these problems.
The business operates through two divisions, Films and Industrial, and has the majority of its production in six UK based factories, with a further two factories in Asia. Approximately 50% of its GBP83 million sales are made outside the UK to more than 80 countries.
Further information can be found on www.synnovia.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.
END
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(END) Dow Jones Newswires
July 01, 2019 09:48 ET (13:48 GMT)
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