GUSC.L Regulatory News (GUSC)

GUSCIO PLC - Loan to Sportsdata Limited

PR Newswire

London, June 3

4 June 2015

Guscio PLC

("Guscio" or the "Company")

Loan to Sportsdata Limited

Guscio PLC, the AIM quoted investment Company, is pleased to provide an update on its investee company, Sportsdata Limited ("Sportsdata"), in which it holds a 30 per cent. interest.

The board of Sportsdata has announced today that it has signed an agreement with the Charlton Athletic Community Trust (“CACT”), which is Charlton Athletic Football Club's charitable arm, whereby CACT will promote, market and seek to deliver the Skills2Achieve (“S2A”) programme to local primary schools through their community programme. In addition, CACT will seek to facilitate introductions to other football clubs and related community projects.

This new business area within the football community has the potential to rapidly accelerate the roll out of the Skills2Achieve programme. In order to enable Sportsdata to pursue this opportunity, it requires further limited working capital. Consequently, the Company has agreed to make a loan to Sportsdata of £50,000. The loan is unsecured, repayable within 12 months and attracts an interest rate of five per cent. per annum. The loan is not convertible.

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.

Richard Thompson, Chairman of the Company, commented:

“The board of Guscio is extremely interested by the new relationship that Sportsdata and Charlton Athletic Community Trust have developed. CACT has recognised the immense potential and importance of the Skills2Achieve programme for the primary school sector and will now seek to market and deliver S2A through their extensive community school delivery system. CACT have committed to sharing this delivery model with other key football clubs and community programmes, giving Sportsdata access to the highly influential football sector and its inherent delivery capability. This secondary sales channel alongside Sportsdata's partner arrangements with the Youth Sport Trust should help create a fast track to mass adoption of the S2A programme and build on the existing momentum leading into the 2015/2016 academic school year.

FOR FURTHER INFORMATION, PLEASE CONTACT:

For further additional information please contact:

Guscio PLCTony Humphreys / Marcus Yeoman 020 3053 1897

Sanlam Securities UK LimitedSimon Clements / Virginia Bull 020 7628 2200

Peterhouse Corporate Finance LimitedLucy Williams / Eran Zucker 020 7469 0936