RNS Number : 6164D
Marlowe PLC
28 April 2017
 

28 April 2017

 

 

Marlowe plc

New debt facilities  

 

Marlowe plc ("Marlowe" or the "Company"), the support services group focused on acquiring and developing companies that provide critical asset maintenance services, is pleased to announce that it has increased its current debt facility with Lloyds Bank by an additional £5 million to £17.5 million.

At 31 March the Company had net cash of £2.7m.

The increased debt facility will provide further resources to support the Company's acquisition-led growth strategy.

 

For further information:

Marlowe plc

www.marloweplc.com



Alex Dacre, Chief Executive

Tel: +44 (0) 203 813 8498


IR@marloweplc.com



Cenkos Securities plc (Nominated Adviser and Broker)



Nicholas Wells,

Elizabeth Bowman

Tel: +44 (0)20 7397 8900



FTI Consulting


Nick Hasell

Tel: +44 (0)20 3727 1340

Alex Le May

 

About Marlowe plc

Marlowe is an AIM-listed company formed to create sustainable shareholder value through the acquisition and development of businesses that provide critical asset maintenance services in the UK. It is focused on fire protection, security systems and water treatment services - which are essential to its customers' operations and invariably governed by regulation, and where customers require a single specialist outsourced provider with nationwide coverage. Our customers can be found on most high streets, in office complexes and industrial estates, and include SMEs, local authorities, facilities management providers, multi-site NHS trusts and FTSE 100 companies.

This announcement contains inside information.


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