21st Century Tech - Trading Update and Invoice Discounting Facility
This announcement contains inside information for the purposes of Article 7 of Regulation (EU) No 596/2014 ("MAR").
("21st Century" or "the Group")
Trading update and signing of new
In light of the pick-up in sales growth in the second half, the Board has moved to secure additional working capital financing and is pleased to announce today that it has secured access to a new
The New Facility will be used to provide additional working capital to the Group and replaces the existing facility (currently drawn in the amount of approximately
In order to secure the New Facility the Company has agreed a Deed of Priority with the lending parties to the
The independent director of 21st Century for this purpose, being the Company's Chief Financial Officer
21st Century Technology plc
Tel: 0844 871 7990
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Tel: 0207 220 0500
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Tel: 07785 922 354/
0207 536 2007
Notes to editors:
'Connected Systems for Connected Journeys'
21st Century Technology is the specialist provider of tailored solutions to the transport community, solving complex operational requirements both on and off the vehicle. Comprised of a Fleet Systems division and a Passenger Systems division, 21st Century Technology provides integrated solutions both on and off the vehicle to deliver 'connected systems for connected journeys'.
Fleet Systems: include CCTV video surveillance; to improve passenger & driver safety, vehicle & driver performance monitoring, real-time on-board IT subsystems management and automatic passenger counting.
Passenger Systems: include the design & manufacture of all the necessary hardware and software for electronic passenger information systems, off-vehicle smart ticketing and way-finding.
With over 20 years' experience in the transport industry, 21st Century Technology specialises in providing innovative, cost-effective technology lead solutions to improve the passenger experience and provide operational benefits to fleet and network operators.
Further information on the company is available on www.21stplc.com or search for 21st Century Technology on LinkedIn and @21stCenturyLtd on Twitter.
This information is provided by RNS
Quick facts: 21st Century Technology PLC
Market Cap: -
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