Business
March Covenant Test Waived
March Covenant Test Waived.
About this update from Videndum Plc
[{"type":"text","content":"\n\n \n31 March 2025\nVidendum plc\nMarch covenant test waived; Future covenants to be reset\n \nVidendum plc (the \"Company\") confirms that the March 2025 covenant test has been waived, and the Company expects to reset all future covenant tests ahead of announcing its results for FY24 at the end of April 2025. \nThe work required to refinance the Revolving Credit Facility, set to expire in August 2026, continues and our lending banks remain supportive of the Company.\n \nEnquiries\nFTI Consulting\nRichard Mountain / Ben Fletcher\nTelephone: 020 3272 1340\n \nVidendum\nStephen Harris\nGroup Executive Chairman\nTelephone: 020 8332 4602\n \nA snapshot of Videndum plc\nVidendum is a leading global provider of premium branded hardware products and software solutions to the growing content creation market.\nVidendum's customers include broadcasters, film studios, production and rental companies, photographers, independent content creators, gamers, professional musicians and enterprises. Our product portfolio includes camera supports, video transmission systems and monitors, live streaming solutions, smartphone accessories, robotic camera systems, prompters, LED lighting, mobile power, carrying solutions, backgrounds, motion control, audio capture, and noise reduction equipment.\nWe employ around 1,500 people across the world in 10 different countries. Videndum plc is listed on the London Stock Exchange, ticker: VID.\nMore information can be found at: https://videndum.com/\nLEI number: 2138007H5DQ4X8YOCF14\n \n\n","length":2545,"tagName":"div"}]