Marlowe PLC Refinance and Acquisition Completion (0055P)
October 14 2021 - 2:00AM
UK Regulatory
TIDMMRL
RNS Number : 0055P
Marlowe PLC
14 October 2021
14 October 2021
Marlowe plc
Refinance and Acquisition Completion
Marlowe plc ("Marlowe" or the "Group"), the UK leader in
business-critical services and software which assure safety and
regulatory compliance, announces that it has increased its finance
facility with HSBC Bank PLC and National Westminster Bank PLC.
Total facilities have been increased from GBP90m to GBP130m and
will provide further resources to support the Group's M&A
strategy.
In addition, and further to the Company's announcement of 4
October 2021, the Group confirms that the Acquisition of Hydro-X
Group Ltd has now completed.
For further information:
Marlowe plc www.marloweplc.com
Alex Dacre, Chief Executive Tel: +44 (0) 203
813 8498
Adam Councell, Chief Financial Officer IR@marloweplc.com
Julian Wais, Head of Investor Relations
Cenkos Securities plc (Nominated Adviser
and Joint Broker)
Nicholas Wells Tel: +44 (0)20 7397
8900
Ben Jeynes
George Lawson
Berenberg (Joint Broker)
Ben Wright Tel: +44 (0)20 3207
Mark Whitmore 7800
FTI Consulting
Nick Hasell Tel: +44 (0)20 3727
Alex Le May 1340
About Marlowe plc
Marlowe is a UK leader in business-critical services and
software which assure safety and regulatory compliance. The company
was formed to create sustainable shareholder value through the
acquisition and development of businesses that provide regulated
safety and compliance services and software. It is focused on
compliance software, eLearning, health & safety, employment law
& HR compliance, fire safety & security, water & air
hygiene and occupational health services - all of which are vital
to the wellbeing of its customers operations and are invariably
governed by regulation. Marlowe currently provides software to over
1 million users and services to over 25% of Britain's commercial
premises. The Group provides customers with a single outsourced,
nationwide, provider of a range of regulated compliance and safety
solutions. Our customers can be found in office complexes, high
streets & leisure facilities, manufacturing plants and
industrial estates, and include thousands of SMEs, local
authorities, facilities management providers, multi-site NHS trusts
and FTSE 100 companies.
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END
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