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IN BRIEF: Carclo reaches new agreement with lending bank

ALN

Carclo PLC - West Yorkshire, England-based engineering solutions provider for the medical, optical and aerospace industries - Reaches agreement with its unnamed ‘lending bank’ to amend the interest cover and net leverage covenants for the testing periods from June 2023 through to the maturity of the current facility in June 2025. Says the agreement remains subject to legal formalities which are expected to be concluded over ‘the coming weeks.’

Current stock price: 13.65 pence

12-month change: down 38%

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