Grant of Covenant Waiver and Covenant Reset

Inspiration Healthcare Group plc (AIM: IHC), the global medical technology company pioneering best-in-class, specialist neonatal intensive care medical devices, announces that the Company's lender, HSBC, has granted a waiver in respect of the EBITDA covenant for the 31 October 2024 test date and a reset of such covenant at a lower level for the 31 January 2025 test date. The interest cover and net leverage covenants have also been reset for the period through to 31 January 2026. The requirement for the waiver and reset of the covenants is a result of the previously announced trading conditions noted in the Group's interim results.

In addition, the Company's lender will allow drawdowns on the Revolving Credit Facility ("RCF") up to £7.8 million, sufficient to cover the funds required to meet the deferred consideration payment for Airon Corporation (of up to $1.0 million) due in June 2025. The Company will also continue to be able to draw down on the £5.0 million Invoice Financing Facility to cover day to day working capital requirements, which taken together with the RCF, the Directors believe provides sufficient liquidity headroom for the Group going forward.