Travelzest plc Further re. Credit Facility (9218Q)

TIDMTVZ

RNS Number : 9218Q

Travelzest plc

21 October 2013

Travelzest PLC

(the "Company")

Further re: Credit Facility

Further to the announcement on 14 October 2013, the Company announces that its primary lending bank has confirmed that it has agreed to extend the on demand working capital facility until 28 October 2013.

This is notwithstanding the fact that the Company is in regular contact with its primary lender and must continue to comply with its obligations under the existing and new working capital facility arrangements and that the loans and facilities are still capable of being demanded at any time.

Consequently, the Company continues to be solely reliant on the support of its primary lender in order to continue to trade.

A further announcement will be made in due course.

Enquiries:

 
 Travelzest plc 
 Christopher Howell - Non-Executive     Via Redleaf Polhill 
  Chairman 
 
 Redleaf Polhill                        +44 (0)20 7566 6720 
 Rebecca Sanders-Hewett / Jenny Bahr    travelzest@redleafpr.com 
 
 Sanlam Securities UK Limited 
  (Nominated Adviser and Broker)        +44 (0)20 7628 2200 
 Simon Clements / Virginia Bull

Notes to Editors:

Travelzest plc (LSE:TVZ.L) is a dynamic travel group, with a collection of online travel retailers. Included in the Travelzest agency family are itravel2000 and The Cruise Professionals. Travelzest is traded on London's AIM Exchange under the symbol TVZ.

This information is provided by RNS

The company news service from the London Stock Exchange

END

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