StockMarketWire.com - reach4entertainment enterprises has agreed a set of financial covenants with AIB Group in relation to the Company's £14.8m revolving credit facility ("RCF") which was entered into in April.

By mutual consent, covenants were not put in place at the time the RCF was agreed.

The covenants take effect from the end of the year and remain in place for the duration of the RCF, which matures in May 2015.

The directors say they pleased with this outcome and are satisfied that these ratios are consistent with the company's future anticipated financial performance.


At 10:40am: (LON:R4E) share price was +0.38p at 7p



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