TIDMAPC

RNS Number : 2720C

APC Technology Group PLC

27 June 2016

27 June 2016

APC Technology Group PLC

("APC" or the "Group")

Change of advisor and extension of ABN working capital facilities

Change of advisor

APC Technology Group plc (AIM: APC), the provider of technologies and services intended to help improve organisational sustainability and specialist distributor of electronic components, announces that it has appointed Stockdale Securities Limited as nominated adviser and sole broker with immediate effect.

Extension of working capital facilities

The Board is very pleased to announce that it has extended the term of the GBP6m invoice finance facility with ABN Commercial Finance to 31 December 2017. This facility is less than 50% drawn and will provide working capital headroom as the Group continues to grow.

Richard Hodgson, Chief Executive of APC Technology Group PLC, commented:

"We are very happy to have extended the term of our invoice finance facility with ABN Commercial Finance out to 31 December 2017. ABN have been a great supporter of the business for the past 18 months and this facility will support our working capital as we grow the business"

Enquiries:

 
 APC Technology Group PLC                 +44 (0) 330 313 3220 
 Leonard Seelig, Chairman                 www.apc-plc.co.uk 
  Richard Hodgson, Chief Executive 
 Stockdale Securities Limited 
  (Nominated Advisor and Broker)          020 7601 6100 
 Mark Brown / Antonio Bossi 
 Redleaf Communications (Financial PR)    020 7382 4730 
 Rebecca Sanders-Hewett / David Ison / Susie Hudson

This information is provided by RNS

The company news service from the London Stock Exchange

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