Eagle Eye Solutions Group PLC Extension of credit facility (0494W)
February 06 2017 - 2:00AM
UK Regulatory
TIDMEYE
RNS Number : 0494W
Eagle Eye Solutions Group PLC
06 February 2017
6 February 2017
Eagle Eye Solutions Group PLC
("Eagle Eye", "Group" or the "Company")
Eagle Eye extends credit facility with Barclays to support
continued growth
Eagle Eye, the SaaS technology company that validates and
redeems digital promotions in real-time for the grocery, retail and
hospitality industries, is pleased to announce it has agreed a
GBP1.5 million extension to its existing three year facility with
Barclays Bank PLC ("Barclays"). As a result the Company now has a
GBP3.0 million revolving loan facility available until 22 June 2019
to provide future support to the Group's current strategic
ambitions.
Tim Mason, Chief Executive Officer, said:
"I am pleased by Barclays' continued confidence in our growth
prospects. Having seen our revenue increase by c.72% in the first
half of our year, the increased facility will allow us to further
deepen our relationships with our key Tier 1 clients, which will
open up recurring transactional revenues in future periods."
For further information, please contact: Eagle Eye
Tim Mason, Chief Executive Officer Tel: 0844 824 3686
Lucy Sharman-Munday, Chief Financial
Officer
Investec (Nominated Advisor and Broker)
Dominic Emery/ David Anderson, Corporate Tel: 020 7886 2500
Finance
Matt Lewis, Corporate Broking
Hudson Sandler
Nick Lyon/Alex Brennan Tel: 020 7796 4133
Information on Eagle Eye
www.eagleeye.com
Eagle Eye is a leading SaaS technology company that securely
validates and redeems digital promotions in real-time for the
grocery, retail and hospitality industries.
The Company's digital marketing platform, Eagle Eye AIR, enables
the secure, real-time, multi-channel issuance, management and
redemption of digital promotions and rewards, replacing previously
used paper-based methods. Our Eagle Eye platform creates a network
effect between merchants, distributors and brands enabling stronger
connections and value to all parties. Through our four products we
enable brands and merchants to reduce cost, improve their customer
offer and accelerate their innovation.
The Company's current customer base comprises leading names in
UK grocery, retail and hospitality including Asda, J Sainsbury,
Greggs, JD Sports, Ladbrokes, Marks & Spencer, Mitchells &
Butlers, Pizza Express, Tesco and Thomas Pink.
This information is provided by RNS
The company news service from the London Stock Exchange
END
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