Business
New Banking Facilities
New Banking Facilities.
About this update from Mj Gleeson Plc
[{"type":"text","content":"\n \nRNS Number : 8893U Gleeson(M J)Group PLC 06 December 2013 \n \n\nGleeson (MJ) Group PLC \n(GLE.L)\n \nNew Banking Facilities\n \nGleeson (GLE.L), the urban regeneration and strategic land specialist, is pleased to announce that it has reached agreement on a new three year, £20 million revolving credit facility with Lloyds Bank Commercial Banking to accelerate its growth strategy. \n \nThe Group, which recently reported a 49% increase in revenue and 121% increase in operating profit for the full year ended 30 June 2013, will use the facility to pursue growth by increasing its number of outlets in key geographies and acquiring additional land for development. \n \nJolyon Harrison, Chief Executive of Gleeson, commented:\n \n\"This facility strengthens our financial position and provides us with the additional flexibility and capacity for growth. As reported in our Interim Management Statement, we have a strong forward order book and we see significant opportunities to continue to grow in our target markets.\"\n \n6 December 2013\nEnquiries:\n\n\n\n\nMJ Gleeson Group plc\n\n\n\n\n\nTel: +44 1252 360 300\n\n\n\n\nJolyon Harrison\n\n\nChief Executive Officer\n\n\n\n\n\n\n\nAlan Martin\n\n\nChief Financial Officer\n\n\n\n\n\n\n\n\n\n\n\n\n\n\n\n\n\n\nCollege Hill\n\n\n\n\n\nTel: +44 20 7457 2020\n\n\n\n\nMark Garraway\n\n\n\n\n\n\n\n\n\n\nHelen Tarbet\n\n\n\n\n\n\n\n\n\n\n\n\n\n\n\n\n\n\n\n\n\nN+1 Singer\n\n\n\n\n\n\n\n\n\n\nShaun Dobson\n\n\n\n\n\nTel: +44 20 7496 3000\n\n\n\n\nJenny Wyllie\n\n\n\n\n\n\n\n\n\n\n \n\nThis information is provided by RNSThe company news service from the London Stock Exchange END MSCUNONROVAURRA\n ","length":6077,"tagName":"div"}]