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IN BRIEF: Gateley receives new £30 million revolving credit facility

ALN

Gateley Holdings PLC - Birmingham-based legal and professional services group - Agrees on a new revolving credit facility with the Bank of Scotland PLC and HSBC UK. The facility provides total committed funding of £30 million until April 2025, split equally between Bank of Scotland and HSBC UK. It replaces its £8 million overdraft facilities with same lenders. Says the funds will provide headroom to grow organically and through acquisitions.

Current stock price: 208.50 pence, down 1.2% on Tuesday

12-month change: up 18%

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