30th Sep 2013 11:37
30 September 2013
Travelzest PLC
(the "Company")
Further re: Credit Facility
Further to the announcement on 2 September 2013, the Company announces that its primary lending bank has confirmed that it has agreed to extend the on demand working capital facility until 7 October 2013.
This is notwithstanding the fact that the Company is in regular contact with its primary lender and must continue to comply with its obligations under the existing and new working capital facility arrangements and that the loans and facilities are still capable of being demanded at any time.
Consequently, the Company continues to be solely reliant on the support of its primary lender in order to continue to trade.
A further announcement will be made in due course.
Enquiries:
Travelzest plc | |
Christopher Howell - Non-Executive Chairman | Via Redleaf Polhill |
Redleaf Polhill | +44 (0)20 7566 6720 |
Rebecca Sanders-Hewett / Jenny Bahr | |
Sanlam Securities UK Limited (Nominated Adviser and Broker) | +44 (0)20 7628 2200 |
Simon Clements / Virginia Bull | |
Notes to Editors:
Travelzest plc (LSE:TVZ.L) is a dynamic travel group, with a collection of online travel retailers. Included in the Travelzest agency family are itravel2000 and The Cruise Professionals. Travelzest is traded on London's AIM Exchange under the symbol TVZ.
Related Shares:
TVZ.L