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Morses Club PLC - Nottingham, England-based home collected credit provider and online lender - Agrees with its current funding consortium on an extension for its term-out clause to January 2023, from September 2023, with the facility remaining in place until March 31 next year. Reduces facility to to £25 million from £35 million, in line with revised funding requirements. Also agrees to continue temporary deferral of the testing of two covenants linked to profitability until October 2022.
Current stock price: 5.54 pence, up 7.6% on Thursday
12-month change: down 93%
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