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  2. Share Prices
  3. Mothercare Share Price
  4. Mothercare Share News
  5. Mothercare Reaches GBP5.5 Million Convertible Loan Agreement

Pin to quick picksMothercare Share News (MTC)

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Share Price Information for Mothercare (MTC)

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Share Price: 4.55
Bid: 4.30
Ask: 4.98
Change: 0.00 (0.00%)
Spread: 0.68 (15.814%)
Open: 4.55
High: 0.00
Low: 0.00
Prev. Close: 4.55
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Mothercare Reaches GBP5.5 Million Convertible Loan Agreement

Thu, 14th Nov 2019 17:58

(Alliance News) - Mothercare PLC on Thursday confirmed it has entered into a definitive agreement in relation to the provision of convertible unsecured loans.

Last week, the mother and baby products retailer said it agreed for the provision of a GBP5.5 million tranche of unsecured convertible loan notes.

Shareholder loans are convertible into ordinary shares in the company at the option of the relevant shareholder.

The company said it has drawn down the 2019 shareholder loans in full and expects to receive the GBP5.5 million made available on Friday.

The stock closed down 1.2% at 12.15 pence in London on Thursday.

By Arvind Bhunjun; arvindbhunjun@alliancenews.com

Copyright 2019 Alliance News Limited. All Rights Reserved.

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