LONDON (Alliance News) - AIM-listed investing company Guscio PLC on Thursday said its Sportsdata Ltd investee company has signed a deal with the charitable arm of Charlton Athletic Football Club.
Under the deal, Sportsdata, in which Guscio owns a 30% stake, has agreed with Charlton Athletic Community Trust to promote, market and deliver the Skills2Achieve programme to local primacy schools.
As a result of the working capital Sportsdata will require for the new contract, Guscio has provided Sportsdata with a loan of GBP50,000, repayable within 12 months and with a 5% interest rate.
Guscio shares were up 2.4% to 7.16999 pence on Thursday.
By Sam Unsted; samunsted@alliancenews.com; @SamUAtAlliance
Copyright 2015 Alliance News Limited. All Rights Reserved.