Straight PLC Three Year Financing Agreement (0776G)
June 03 2013 - 2:00AM
UK Regulatory
TIDMSTT
RNS Number : 0776G
Straight PLC
03 June 2013
Date: 3 June 2013
On behalf of: Straight plc ("Straight" the "Company"
or "the Group")
Embargoed until: 0700hrs
Straight plc
Three Year Financing Agreement
Straight plc, the environmental products and services group,
(AIM: STT), is pleased to announce that it has successfully
refinanced its existing facilities in a three year financing
agreement, that will expand working capital facilities to fund
future growth.
Jonathan Straight, Chief Executive of Straight plc,
commented:
"We are very pleased to have agreed this facility, which
provides a firm base upon which the Group can build. We look
forward to further updating the market at the preliminary
results."
End
For further information: please contact:
Straight plc
Jonathan Straight, Chief
Executive 07977 002 366
Redleaf Polhill
Rebecca Sanders-Hewett /Jenny
Bahr 0207 382 4730
Cenkos Securities
Ivonne Cantu (Nomad) 0207 397 8980
Christian Hobart (Sales)
Notes for editors:
About Straight plc
-- Straight plc provides environmental products and services to
both the UK market and overseas.
-- The Group is the UK's leading manufacturer and supplier of
specialist kerbside recycling containers, as well as being a key
supplier of a broad range of waste and recycling container
solutions.
-- Founded in 1993 by the current Chief Executive, Jonathan
Straight, the business has since supplied more than 25 million
kerbside boxes, baskets and caddies to local authorities across the
UK, securing its position as the industry leader.
-- The business operates through two divisions:
o The core Trade Business supplying products in bulk to local
authorities, utilities, the waste industry, retailers and other
businesses
o The Retail Business supplying a range of proprietary
environmentally friendly consumer products directly to the public,
often in partnership with a local authority or a utility.
-- Almost two thirds of the products the Group supplies are now
produced in Straight's own factory.
-- Straight plc has established diverse overseas sales channels
for its products, some of which are manufactured locally to their
markets in North America and in Australia. Other markets are
serviced from UK production.
Further information about the company and its products can be
found at: www.straight.co.uk
This information is provided by RNS
The company news service from the London Stock Exchange
END
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