Coral Products PLC Compliance with bank lending covenants (0550D)

TIDMCRU

RNS Number : 0550D

Coral Products PLC

05 October 2018

CORAL PRODUCTS PLC

("Coral" or the "Company")

Compliance with bank lending covenants

In the Company's announcement dated 1 October 2018, it was noted that there had been historic breaches of financial covenants in the Company's mortgage loan facility in the year ended 30 April 2018.

The Board is pleased to announce that on 4 October 2018 the Company's bank agreed to waive any rights available to it as a result of such breaches.

This announcement contains inside information for the purposes of Article 7 of EU Regulation 596/2014.

Enquiries:

 
 Coral Products plc 
 Joe Grimmond, Non-executive    Tel: 07703 518 148 
  Chairman 
                                 Tel: 01942 590272 
  Mick Wood, Chief Executive 
  Officer 
 
 
 Cairn Financial Advisers LLP   Tel: 020 7213 0880 
 Nominated Adviser 
 Tony Rawlinson / Liam Murray 
 
 Daniel Stewart & Company plc   Tel: 020 7776 6550 
 Broker 
 David Lawman 
  Richard Potts 
  Daphne Zhang 
 
 Capital Markets Consultants    Tel: 07515 587 184 
  Limited 
 PR 
 Richard Pearson

END

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October 05, 2018 02:00 ET (06:00 GMT)

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