Last checked at 15 Jul 2015 07:00
RNS Number : 0579T
Highway Capital PLC
15 July 2015
Highway Capital plc
("Highway" or the "Company")
Loan to Company
15 July 2015
Highway Capital announces that it has received a loan of £120,000 from Maciej Szytko, a director of the company. The loan has a term of five years and can be converted at the holder's request into new ordinary shares in Highway Capital at a price of 10 pence per share. In the event that the loan is not repaid or converted prior to its maturity date then it will attract accrued interest at a rate of 5% per annum. The proceeds of the loan will be used for general working capital purposes.
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