StockMarketWire.com - Exhibition company Hyve said it was considering an equity raising among other options to boost its finances.

The update arrived amid recent media speculation regarding a potential equity fundraise by the company.

Hyve said it continued to be engaged in constructive dialogue with its lenders in relation to covenant headroom and facility flexibility.

It had already secured a waiver of the June 2020 covenant tests under its debt facilities.

'The board remains confident that the group's strategy of focusing on market-leading events provides a strong platform to return to growth post the current crisis and its priority remains to safeguard the group's customers, colleagues and communities during this period of uncertainty,' the company said.

Story provided by StockMarketWire.com