GUSC.L Regulatory News (GUSC)

GUSCIO PLC - Loan to Sportsdata Limited

PR Newswire

London, October 29

29 October 2015

Guscio PLC

("Guscio" or the "Company")

Loan to Sportsdata Limited

Guscio PLC, the AIM quoted investment Company, today announces that it has agreed to make a loan to Sportsdata Limited (“Sportsdata”) of £100,000. The loan is unsecured, repayable within 12 months and attracts an interest rate of five per cent. per annum with no conversion rights attached (the “Loan”). The proceeds of the Loan will be used to assist Sportsdata with its working capital requirements.

Related Party Transaction

Richard Thompson and Gail Ganney, both directors of the Company, are existing shareholders in Sportsdata and are also on the board of Sportsdata. Accordingly, the provision of the loan to Sportsdata constitutes a related party transaction as defined by the AIM Rules for Companies.

John Steele, Marcus Yeoman and Tony Humphreys, all non-executive directors of the Company, are neither shareholders in nor directors of Sportsdata and are therefore deemed to be independent under the AIM Rules for the purposes of considering the related party transaction (the "Independent Directors"). The Independent Directors, having consulted with Sanlam Securities UK Limited, the Company's nominated adviser, consider that the terms of the loan are fair and reasonable insofar as shareholders are concerned.

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