7th Oct 2008 10:49
Intimas Group plc
New financing facilities
Intimas Group plc ("Intimas" or "the Group") is a designer and supplier of ladies' intimate apparel, with a portfolio of brands comprising Lepel, Charnos Lingerie, Ted Baker Intimates, DM and Urban Nights, a substantial private label division and retail outlets.
Further to the comments made in the Interim Results announcement on 26 September, the Group is pleased to confirm that new financing facilities have now been secured from Lloyds TSB Commercial Finance. These new facilities have been secured in order to support the planned turn-around in the Group's performance and in order to meet the Group's working capital requirements.
John Gibson, Chairman, comments:
"At a time when trading conditions remain very challenging I am delighted that we have been able to secure the vital new financial support which will enable us to take the steps identified in our recent strategic review that need to be taken in order to restore the Group's trading position."
7 October 2008
ENQUIRIES:
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Intimas Group plc |
Tel: 0115 983 6000 |
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John Gibson, Chairman |
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Tim Laughton, Finance Director |
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KBC Peel Hunt |
Tel: 020 7418 8900 |
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Matt Goode |
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College Hill |
Tel: 020 7457 2020 |
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Gareth David |
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