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Loan Repayment

13 Jun 2008 07:00

RNS Number : 6199W
Densitron Technologies PLC
13 June 2008
 



Densitron Technologies plc

Loan repayment

The Directors of Densitron Technologies plc are pleased to announce that the Company has completed the early repayment of the £1,500,000 loan that it received from Bronsstädet AB in June 2006 a Company in which Mr Peter Gyllenhammar is the ultimate beneficial ownerDetails of the loan were announced in the preliminary announcement released on 21 June 2006 and details of the repayment of £1,150,000 of the loan were announced on 21 December 2007.

The Directors would like to thank Mr Gyllenhammar for his support in making the funds available to the Company. The cost of the loan at the top end of the Group's debt and the repayment of the loan has significantly reduced the Group's interest exposure.

For further enquiries:

Tim Pearson, Group Finance Director

Densitron Technologies plc

Tel: 0207 648 4200

John Wakefield / Simon Moynagh

Blue Oar Securities Plc

Tel: 0117 933 0020

This information is provided by RNS
The company news service from the London Stock Exchange
 
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