27th Jan 2014 08:42
27 January 2014
OPSEC SECURITY GROUP PLC
("OpSec" or the "Company")
Funding Update
Further to the Company's interim results announcement on 20 December 2013 which gave details of a technical breach of one of the Company's financial covenants set against the 30 September 2013 interim results ("Technical Breach"), the Company is pleased to announce that it has reached agreement with its banker, JP Morgan Chase, on the forbearance of the Technical Breach. The Company's financial covenants will next be tested against its financial results for the year ended 31 March 2014 in accordance with the Company's usual covenant testing schedule. The Company continues to consider its long term funding options and will make a further update in this respect in due course as appropriate.
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For further information, please contact:
OpSec Security Group plc | +1 720 394 2803 |
Mark Turnage, Chief Executive ([email protected]) | |
Mike Angus, Finance Director ([email protected]) | |
Shore Capital and Corporate Limited | 020 7408 4090 |
Stephane Auton/ Patrick Castle |
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