The latest announcement is out from The Vitec ( (GB:VID) ).
Videndum plc has announced that the March 2025 covenant test has been waived, and the company plans to reset all future covenant tests before releasing its FY24 results in April 2025. The company is actively working on refinancing its Revolving Credit Facility, which is due to expire in August 2026, with continued support from its lending banks. This development is crucial for Videndum as it seeks to maintain financial stability and operational flexibility, which could positively impact its market positioning and stakeholder confidence.
More about The Vitec
Videndum plc is a leading global provider of premium branded hardware products and software solutions catering to the growing content creation market. The company’s diverse customer base includes broadcasters, film studios, production and rental companies, photographers, independent content creators, gamers, professional musicians, and enterprises. Videndum’s extensive product portfolio features camera supports, video transmission systems, live streaming solutions, smartphone accessories, robotic camera systems, and more. The company employs around 1,500 people across 10 countries and is listed on the London Stock Exchange under the ticker VID.
YTD Price Performance: -40.41%
Average Trading Volume: 497,134
Technical Sentiment Signal: Strong Buy
Current Market Cap: £81.94M
See more data about VID stock on TipRanks’ Stock Analysis page.