Tekmar Group (TGP)

Sector:

Energy Producers

Index:

FTSE AIM All-Share

9.10p
   
  • Change Today:
    -0.15p
  • 52 Week High: 15.75
  • 52 Week Low: 8.80
  • Currency: UK Pounds
  • Shares Issued: 136.07m
  • Volume: 24
  • Market Cap: £12.38m
  • RiskGrade: 392

Tekmar renews existing facilities with Barclays

By Josh White

Date: Friday 28 Jul 2023

LONDON (ShareCast) - (Sharecast News) - Offshore energy solutions specialist Tekmar announced the successful renewal of its existing banking facilities with Barclays Bank on Friday.
The AIM-traded firm said the agreement involved the extension of two essential banking facilities.

Firstly, the trade loan facility, previously set to expire, had been extended until 15 June 2024.

The board said the facility enabled Tekmar to access up to £4m, which could be used for supplier payments.

Moreover, the trade loan facility was accompanied by the support of UK Export Finance, adding an additional layer of financial security for both Tekmar and its stakeholders.

Secondly, the renewal also encompassed the extension of the £3m Coronavirus Business Interruption Loan Scheme (CBILs) term loan facility.

The firm said the facility, which would have previously matured, had now been extended by an additional 12 months, prolonging its validity until 31 October 2024.

"The directors also confirm that the group's financial performance for the current financial year to September remains in-line with management expectations set out in the interim results announced in June," the board said in its statement.

At 0952 BST, shares in Tekmar Group were up 17.07% at 12p.

Reporting by Josh White for Sharecast.com.

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Note 1: Prices and trades are provided by Digital Look Corporate Solutions and are delayed by at least 15 minutes.

Note 2: RiskGrade figures are provided by RiskMetrics.

 

Tekmar Group Market Data

Currency UK Pounds
Share Price 9.10p
Change Today -0.15p
% Change -1.62 %
52 Week High 15.75
52 Week Low 8.80
Volume 24
Shares Issued 136.07m
Market Cap £12.38m
RiskGrade 392

Tekmar Group Star Ratings

Compare performance with the sector and the market.
more star ratings
Key: vs Market vs Sector
Value
51.92% above the market average51.92% above the market average51.92% above the market average51.92% above the market average51.92% above the market average
60.00% above the sector average60.00% above the sector average60.00% above the sector average60.00% above the sector average60.00% above the sector average
Price Trend
52.98% below the market average52.98% below the market average52.98% below the market average52.98% below the market average52.98% below the market average
45.45% below the sector average45.45% below the sector average45.45% below the sector average45.45% below the sector average45.45% below the sector average
Income Not Available
Growth
59.11% above the market average59.11% above the market average59.11% above the market average59.11% above the market average59.11% above the market average
50.00% above the sector average50.00% above the sector average50.00% above the sector average50.00% above the sector average50.00% above the sector average

Tekmar Group Dividends

No dividends found

Trades for 28-May-2024

Time Volume / Share Price
12:10 6 @ 9.50p
12:10 6 @ 9.00p
08:02 6 @ 9.50p
08:02 6 @ 9.00p

Tekmar Group Key Personnel

CEO Alasdair MacDonald

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