More: -
As at 31 December 2015 the Group remained in compliance with its financial covenants andCompany is unlikely to pay a dividend for the full financial year.
continues to work co-operatively with its banking syndicate to amend the facilities. The Company
has agreed to deliver an operating plan and restructure proposal to the banking syndicate and its
financial advisers in March 2016. Agreement will be reached as to amendments, if any, which may
be required to the facility by 30 April 2016. Facility maturity may be shortened to no earlier than 31
March 2017 if no agreement is reached.
Performance improvement programmes have been initiated in the UK and Australia with the goal of
improving both the profitability and operating cash flow of the business and reducing the level of
debt.
In light of these activities, the Directors have declared not to pay an interim dividend and the
- Forums
- ASX - By Stock
- SGH
- Loading up the truck
Loading up the truck, page-2458
-
- There are more pages in this discussion • 2,058 more messages in this thread...
You’re viewing a single post only. To view the entire thread just sign in or Join Now (FREE)