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Videndum plc confirmed that its March 2025 covenant test has been waived. The Company expects to reset all future covenant tests ahead of announcing its FY24 results at the end of April 2025. Work to refinance the Revolving Credit Facility, which is set to expire in August 2026, continues, and its lending banks remain supportive.
| Date | 31 Mar 2025 |
| Time | 07:00:10 |
| Category | Corporate updates |
| ID | 7946C |
31 March 2025
Videndum plc
March covenant test waived; Future covenants to be reset
Videndum plc (the "Company") confirms that the March 2025 covenant test has been waived, and the Company expects to reset all future covenant tests ahead of announcing its results for FY24 at the end of April 2025.
The work required to refinance the Revolving Credit Facility, set to expire in August 2026, continues and our lending banks remain supportive of the Company.
Enquiries
FTI Consulting
Richard Mountain / Ben Fletcher
Telephone: 020 3272 1340
Videndum
Stephen Harris
Group Executive Chairman
Telephone: 020 8332 4602
A snapshot of Videndum plc
Videndum is a leading global provider of premium branded hardware products and software solutions to the growing content creation market.
Videndum's customers include broadcasters, film studios, production and rental companies, photographers, independent content creators, gamers, professional musicians and enterprises. Our product portfolio includes camera supports, video transmission systems and monitors, live streaming solutions, smartphone accessories, robotic camera systems, prompters, LED lighting, mobile power, carrying solutions, backgrounds, motion control, audio capture, and noise reduction equipment.
We employ around 1,500 people across the world in 10 different countries. Videndum plc is listed on the London Stock Exchange, ticker: VID.
More information can be found at: https://videndum.com/
LEI number: 2138007H5DQ4X8YOCF14