Business
Eagle Eye extends credit facility with Barclays
Eagle Eye extends credit facility with Barclays.
About this update from Eagle Eye Solutions Group Plc
[{"type":"text","content":"\n \nRNS Number : 8128S Eagle Eye Solutions Group PLC 28 June 2018 \n\n \n28 June 2018\n \nEagle Eye Solutions Group plc\n(\"Eagle Eye\", the \"Group\", or the \"Company\")\n \nEagle Eye extends credit facility with Barclays to support Tier 1 expansion and wins\n \nThe Company has agreed a £2.0m extension to its existing facility with Barclays Bank PLC (\"Barclays\"). As a result the Company now has a £5.0m revolving credit facility available until 30 June 2020.\n \nEagle Eye has demonstrated its ability to both win and deploy significant Tier 1 contracts over the last 12 months with Loblaw in Canada going live, the deployment of the AIR platform to deliver improved digital customer marketing for John Lewis and extending services with our other Tier 1 customers. The funds available through the new facility will strengthen the Company's balance sheet as it deepens relations with existing Tier 1 customers and explores opportunities with new ones both nationally and internationally.\n \nTim Mason, Chief Executive Officer, commented:\n\"I am pleased by Barclays' confidence in our growth prospects. Over the last 12 months we have made significant improvements to our product including the addition of the digital wallet to our loyalty offering, allowing all available data relevant to a single customer to be held in a single 'digital container'. As the loyalty market moves to meet increasing customer expectations of personalisation we are well positioned to exploit the major growth opportunities open to our business both in the UK, and internationally with this innovation.''\n \n \nFor further information, please contact:\n\n\n\nTim Mason, Chief Executive Officer \nLucy Sharman-Munday, Chief Financial Officer \n\n\nTel: 0844 824 3686 \n\n\n\n\n \nInvestec (Nominated Advisor and Broker)\n\n\n\n\nCorporate Finance: David Anderson / Sebastian Lawrence\nCorporate Broking: Sara Hale \n\n\nTel: 020 7597 5970\n \n\n\n\n\n \nHudson Sandler\n\n\n\n\n\n\n\nAndrew Leach / Hattie O'Reilly \n\n\nTel: 020 7796 4133\n\n\n\n\n \nInformation on Eagle Eye \nwww.eagleeye.com \n\n\n\n \nEagle Eye is a leading SaaS technology company that enables businesses to create a real-time connection with their customers.\n \nThe Company's digital marketing platform, Eagle Eye AIR, ...