Extension to Debt Facility Term
04 Mai 2010 - 4:00PM
UK Regulatory
TIDMVTS
RNS Number : 2898L
Vantis PLC
04 May 2010
+----------------------------+-------------------------------+
| Immediate Release | 4 May 2010 |
+----------------------------+-------------------------------+
VANTIS PLC
(the 'Company')
Extension to Debt Facility Term
The Company announces that it has agreed with its banking providers to extend
the term of its debt facility to 15 May 2011. The Company's debt facility now
comprises a term loan of GBP19 million and a revolving credit facility of
GBP34.6 million.
The Company remains focused on reducing the level of debt in the business.
For further information:
+--------------------------------+--------------------------+
| Vantis plc | +44 20 7417 0417 |
+--------------------------------+--------------------------+
| Paul Jackson, Chief Executive | |
+--------------------------------+--------------------------+
| Stephen Smith, Finance | |
| Director | |
+--------------------------------+--------------------------+
| | |
+--------------------------------+--------------------------+
| Investec Investment Banking | +44 20 7597 5970 |
+--------------------------------+--------------------------+
| David Currie, Martin Smith | |
+--------------------------------+--------------------------+
| | |
+--------------------------------+--------------------------+
| Buchanan Communications | +44 20 7466 5000 |
+--------------------------------+--------------------------+
| Richard Darby, James Strong | |
+--------------------------------+--------------------------+
Notes to Editors
Vantis plc is the AIM listed leading UK accounting, tax and business recovery
and advisory group, focused on helping owner-managed businesses and high net
worth individuals successfully achieve their personal and business aspirations.
Services are provided locally and nationwide by experienced professionals and
specialist industry teams who offer comprehensive sector knowledge and product
expertise. Vantis strives to provide all clients with successful, bespoke
solutions to help generate and preserve their wealth.
The Vantis group offers a range of specialist skills including Accounting,
Taxation, Business Advice, Corporate Finance, Asset Finance, Forensic Accounting
and Dispute Resolution, Business Recovery & Personal Insolvency Services,
Restructuring and Turnaround Services, Outsourcing, Management Consultancy,
Company Secretarial, Customs Duty Recovery and Advisory Services, Independent
Financial Advice, High Net Worth Services and Sports Advisory Services and
Solutions.
The Vantis group has approximately 1,000 staff operating from 16 locations
throughout England.
For more information about Vantis, please visit www.vantisplc.com
This information is provided by RNS
The company news service from the London Stock Exchange
END
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