Tiimari Oyj Abp
TIIMARI HAS AGREED ON ITS BANK FACILITIES AGREEMENT’S FINANCIAL COVENANTS FOR YEARS 2011–2014 AND ON STRENGHTENING OF ITS LIQUIDITY
Tiimari Oyj Abp 29.12.2011 14:55 Dissemination of a Adhoc News, transmitted by DGAP - a company of EquityStory AG. The issuer is solely responsible for the content of this announcement. --------------------------------------------------------------------------- Tiimari Plc Stock exchange release 29 December 2011 at 15.55 Tiimari Group has agreed on its bank facilities agreement's financial covenants regarding EBITDA, minimum liquid assets and equity ratio for years 2011 to 2014 and on an increase to the bank guarantee facility provided by the facilities agreement by EUR 0.4 million to 2.6 million. At the same time the company has strengthened its liquidity by agreeing with its parent company Unioca Ltd on an unsecured loan of EUR 2.0 million and with its bank financier on the ongoing right to utilize, in deviation of the previous bank facilities agreement's so called cleandown terms and conditions, the EUR 14.0 million revolving credit and overdraft facilities up to EUR 2.0 million on January 2012. TIIMARI PLC Niila Rajala, CEO Further information: CEO Niila Rajala tel. +358 (0)3 812911, e-mail: niila.rajala@tiimari.fi Distribution: NASDAQ OMX Helsinki Main media www.tiimari.com Tiimari Plc is a listed company. The group consists of two retail shop concepts: Tiimari and Gallerix. These two concepts do business in five countries within the Baltic Sea region and there are altogether nearly 300 shops. All concepts belong to the forerunners of their market segment. News Source: NASDAQ OMX 29.12.2011 DGAP's Distribution Services include Regulatory Announcements, Financial/Corporate News and Press Releases. Media archive at www.dgap-medientreff.de and www.dgap.de --------------------------------------------------------------------------- Language: English Company: Tiimari Oyj Abp Finland Phone: Fax: E-mail: Internet: ISIN: FI0009003859 WKN: End of Announcement DGAP News-Service ---------------------------------------------------------------------------
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