Banking Update and Suspension from Trading (5903T)

TIDMMSQ

RNS Number : 5903T

Media Square PLC

08 December 2011

Media Square plc ("Media Square" or the "Company")

Banking Update and Suspension from Trading

As previously announced, the Company has been operating with limited headroom against its existing facilities and has a clear requirement for additional funding in the short term as it enters the seasonal peak in working capital requirements.

Also as previously announced, on 1 December 2011 the Company requested additional facilities from its Bank to ensure it is able to meet future working capital requirements and certain revisions to its existing covenant regime.

The Company's Bank has now informed the board that it cannot commit to amending the Company's banking covenants and furthermore will not extend the facilities available to the Company at this stage. As a result of the uncertainty surrounding the Company's banking facilities, the Company has requested that its shares are suspended pending further clarification of its financial position.

Further announcements will be made in due course.

For further information please contact:

 
 Media Square plc                  www.mediasquare.co.uk 
 Roger Parry                       020 3026 6601 
 Peter Reid                        020 3026 6607 
 
 Collins Stewart Europe Limited 
 Matt Goode/Adam Miller            020 7523 8350

This information is provided by RNS

The company news service from the London Stock Exchange

END

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