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IN BRIEF: Ten Lifestyle borrows GBP1.5 million from chair's wife

Mon, 28th Mar 2022 20:20

Ten Lifestyle Group PLC - London-based lifestyle and travel service platform - Borrows GBP1.5 million from Susan Weatherill, wife of Non-Executive Chair Bruce Weatherill.

Key terms of loan includes interest payable monthly in arrears in cash at 8% per annum, a 1% administration fee payable in cash at drawdown, as well as a 15 month term.

Loan will provide additional working capital as the group recovers from the effect of Omicron.

Current stock price: 80.00 pence

12-month change: down 15%

By Dayo Laniyan; dayolaniyan@alliancenews.com

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