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Hayward Tyler Group PLC RNS Release

Update on banking facilities

RNS Number : 8079G
Hayward Tyler Group PLC
01 June 2017
 

1 June 2017

Hayward Tyler Group plc

("Hayward Tyler", the "Company" or "Group")

Update on banking facilities

Further to the announcement of 28 April 2017 Hayward Tyler Group plc, the specialist engineering Company comprising the operating companies of Hayward Tyler and Peter Brotherhood, is pleased to confirm that it continues to have constructive discussions with its bank, Royal Bank of Scotland ("RBS"), regarding a suitable long term financing structure to support the longer-term prospects of the business.  The Group also continues to have constructive discussions with RBS with respect to the repayment of £2.4 million of short term banking facilities and the annualised measurement of the financial covenants, both of which have been extended from 31 May to 30 June 2017.

For further information:

Hayward Tyler Group plc                                          & #160;  +44 (0)1582 731 144

Ewan Lloyd-Baker, CEO

Nick Flanagan, CFO

 

FinnCap Limited, NOMAD and Broker                         +44 (0)20 7220 0500

Matt Goode / Emily Watts, Corporate Finance

Tim Redfern / Tony Quirke, Corporate Broking

 

Buchanan Communications, Financial PR                  +44(0)207 466 5000

Charles Ryland

Chris Judd

Jane Glover

 

 

The information communicated in this announcement is inside information for the purposes of Article 7 of Regulation 596/2014.

 

Publication on Website

 

A copy of this announcement will be made available, subject to certain restrictions relating to persons resident in restricted jurisdictions, at http://htg.global/investor-relations/takeover-code-requirements/ no later than 12.00 noon (London time) on 1 June 2017 (being the business day following the date of this announcement) in accordance with Rule 26.1(a) of the Code. The content of the website referred to in this announcement is not incorporated into and does not form part of this announcement.

 


This information is provided by RNS
The company news service from the London Stock Exchange
 
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