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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Ten Life (TENG)