ENABLES IT GROUP PLC - Statement re Redemption of Loan Notes
2013年8月21日 - 3:00PM
PRニュース・ワイアー (英語)
21 August 2013
Enables IT Group plc
("Enables IT", "the Group" or "the Company")
Redemption of Loan notes
Enables IT, the AIM quoted provider of network and IT solutions, announces that
it has, following the receipt of a redemption notice from Webb Capital, repaid
the outstanding £300,000 nominal of the 10% Convertible Loan Notes 2015
("CLNs").
The redemption will be satisfied from the Company's existing cash resources and
will result in the Company being debt free for the first time since 2010. The
Company's P&L account will also benefit from the removal of the associated £
30,000 annual interest charge.
Mike Walliss, Chief Executive Officer of Enables, said:
"We are pleased to have had the opportunity to repay the remaining £300,000
Loan Notes ahead of the 2015 redemption date without incurring any early
redemption penalties. Removing the interest burden will also enhance the
Company's cash flow generation which is important for the Company's growth
strategy.
The Company remains in a healthy financial position as it actively seeks
further acquisitions as part of its buy and build strategy."
FURTHER ENQUIRIES
Enables IT Group plc
Michael Walliss Tel: 01372 455 960
Sanlam Securities UK (Nominated Adviser and Broker)
Simon Clements / Richard Goldsmith / Katie Shelton Tel: 020 7628 2200
Bishopsgate Communications
Nick Rome / Sam Allen /Matthew Low Tel: 020 7562 3350
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