1st Nov 2011 07:00
Date: | 1 November 2011 |
On behalf of: | Travelzest plc ('Travelzest' or the 'Company') |
Travelzest plc
Further Re: Deferral of scheduled capital repayment
Under the existing facility agreement provided by Barclays Bank plc ("Barclays") dated 19 June 2008 (as amended, varied and restated from time to time) (the "Existing Facility Agreement"), a capital repayment of £620,550.00 and CAD $2,668,557.57 (the "Capital Repayment") and associated interest became due on 31 May 2011.
Further to the announcement dated 30 September 2011, Barclays has agreed to a deferral of the Capital Repayment until 30 November 2011 as well as a waiver from certain covenants agreed under the terms of the Existing Facility Agreement tested at 30 April 2011, 31 July 2011 and 31 October 2011.
- Ends -
Enquiries:
Travelzest plc | 0844 335 6623 |
Jack Fraser | |
Redleaf Polhill | 020 7566 6720 |
Rebecca Sanders-Hewett / Jenny Bahr | |
Merchant Securities Limited (Nominated Adviser and Broker) | 020 7628 2200 |
Simon Clements / Graeme Cull |
Notes to Editors:
Travelzest plc (LSE:TVZ.L) is a dynamic travel group, with a collection of online travel retailers and specialized merchant operators, with operations in five countries. Included in the Travelzest agency family are Travelzest Holidays, itravel2000, The Cruise Professionals, holiday.co.uk, flight.co.uk, Fair's Fare, Wow House, and in the Travelzest merchant family are Best of Morocco,VFB Holidays, Peng Travel, Faraway Holidays, The Malaysia Experience,Tapestry Collection, Captivating Cuba, JMB Travel. Travelzest is traded on London's AIM Exchange under the symbol TVZ.
Related Shares:
TVZ.L