MARLOWE PLC — Capital/Financing Update 2016

Nov 24, 2016

National Storage Mechanism | Additional information

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RNS Number : 9815P

Marlowe PLC

24 November 2016

24 November 2016

Marlowe plc

New debt facilities  

Marlowe plc ("Marlowe" or the "Company"), the support services group focused on acquiring and developing companies that provide critical asset maintenance services, is pleased to announce that it has increased its current £7.5 million debt facility with Lloyds Bank by an additional £5 million to £12.5 million. The new facilities comprise an additional £3.5 million of term loan and an additional £1.5 million Revolving Credit Facility.

The increased debt facility will provide further resources to support the Company's acquisition-led growth strategy.

For further information:

Marlowe plc	www.marloweplc.com
Alex Dacre, Chief Executive	Tel: +44 (0) 203 813 8498
		IR@marloweplc.com
Cenkos Securities plc (Nominated Adviser and Broker)
Nicholas Wells, Elizabeth Bowman	Tel: +44 (0)20 7397 8900
FTI Consulting
Nick Hasell	Tel: +44 (0)20 3727 1340
Alex Le May

About Marlowe plc

Marlowe is an AIM-listed company formed to create sustainable shareholder value through the acquisition and development of businesses that provide critical asset maintenance services in the UK.  It is focused on fire protection, security systems and water treatment services - which are essential to its customers' operations and invariably governed by regulation, and where customers require a single specialist outsourced provider with nationwide coverage. Our customers can be found on most high streets, in office complexes and industrial estates, and include SMEs, local authorities, facilities management providers, multi-site NHS trusts and FTSE 100 companies.

This information is provided by RNS

The company news service from the London Stock Exchange

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