25 Apr 2017 15:16
25 April 2017
Ashley House plc
Debt Facility from Related Party
Ashley House plc ("Ashley House" or the "Company"), the health and community care property partner, is pleased to advise that it has today signed a new loan facility (the "Facility") of £500,000.
The Facility is being provided to the Company by Non-executive Deputy Chairman Stephen Minion, is available for an initial 12 month period and is secured against individual assets of the Company and those of its subsidiaries.
Accordingly, the Facility is a Related Party Transaction pursuant to AIM Rule 13. Ashley House confirms that its directors, acting without Stephen Minion's participation and having consulted with the Company's Nominated Adviser, consider that the terms of the transaction are fair and reasonable in so far as the Company's shareholders are concerned.
Enquiries:
Ashley House plc 01628 600 340
Antony Walters
Jonathan Holmes
WH Ireland Ltd 0207 220 1666
(Nominated Adviser and broker to Ashley House plc)
Adrian Hadden
Nick Prowting