MCB Mcbride Plc

TIDMMCB

RNS Number : 6219B

McBride PLC

03 October 2022

3(rd) October 2022

McBride plc

Amended Financing Agreement

Redemption of Non-Cumulative Redeemable Preference Shares of 0.1p each ("B Shares")

McBride plc, the leading European manufacturer and supplier of private label and contract manufactured products for the domestic household and professional cleaning and hygiene markets, today provides the following update in relation to its B shares.

Under its EUR 175m RCF as amended and announced on 29(th) September 2022, McBride plc is not permitted to redeem or repay any of its share capital. This restriction remains in place until the original maturity date of the RCF in May 2026. Consequently, the redemption of B shares that would normally have taken place in November, will not now take place.

For further information, please contact:

 
 McBride plc 
 Chris Smith, Chief Executive 
  Officer                            0161 203 7570 
 Mark Strickland, Chief Financial 
  Officer                            0161 203 7570 
 
 FTI Consulting LLP 
 Ed Bridges, Nick Hasell             020 3727 1017 
 

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(END) Dow Jones Newswires

October 03, 2022 12:07 ET (16:07 GMT)

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