Business
Confirmation of Banking Waivers
Confirmation of Banking Waivers.
About this update from Speedy Hire Plc
[{"type":"text","content":"\n \nRNS Number : 2160V Speedy Hire PLC 11 December 2013 \n \n\nSpeedy Hire Plc (the \"Company\", the \"Group\")\nInternational Division - Accounting Irregularities\n \nConfirmation of Banking Waivers\n \nOn 28 November 2013, the Company announced that, following management changes within its International Division, information had very recently emerged indicating the mis-statement of a number of accounting balances within the International Division over recent accounting periods. The Company announced that whilst it remained in compliance with the financial covenants under the Group's banking facilities, these circumstances had resulted in a breach of certain other terms. \n \nFollowing constructive discussions with its lenders, the Company has now received waivers in respect of the breach of those terms and continues to be in compliance with the financial covenants under its banking facilities.\n \nFurther updates will be provided as and when appropriate.\n \n- ends -\n \nEnquiries:\nHudson Sandler\nNick Lyon, Andrew Nicolls, Katie Matthews, Tel: 020 7796 4133\n \n\nThis information is provided by RNSThe company news service from the London Stock Exchange END MSCBRBDDGXBBGXG\n ","length":1754,"tagName":"div"}]