2nd Dec 2020 13:04
Real Good Food PLC - Liverpool-based food producer - Agrees with three major shareholders amendment to funding agreements, reducing minimum annual return on convertible loan notes to 12% from 30%, effective from December 31. The redemption premium on the loan notes remains 15%. The final repayment dates of the agreements are extended to May 19, 2022. Also says its two businesses, Brighter Foods and Cake Decorations, have continued to recover despite the just-ended second lockdown in England and are trading slightly ahead of board's expectations set when the Covid-19 crisis began in March.
Current stock price: 4.64 pence
Year-to-date change: down 19%
By Tom Waite; [email protected]
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