Kinovo PLC (AIM:KINO, OTC:BILBF) confirmed that it has completed the renewal of its banking facilities with HSBC UK out to 31 May 2024, resolving an uncertainty from its last auditor's report.
The £2.5 million overdraft and £6.0 million purchasing card facility are customarily repayable on demand, the property compliance and sustainability specialist said, with an interest rate of 2.85% above the Bank of England base rate on the former and none on the latter.