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Short Term Loan Facility

14 Feb 2017 09:19

RNS Number : 8228W
OneView Group PLC
14 February 2017
 

 

 

 

OneView Group plc

("OneView" or the "Company")

 

Short Term Loan Facility

 

OneView (AIM: ONEV), one of the retail industry's leading digital transformation software providers for in store customer service, announces that Hawk Investment Holdings Limited ("Hawk") has agreed to provide an additional loan facility ("the Loan") of $300,000. The Loan is unsecured and attracts an arrangement fee of 1% and interest is charged at 1% per month. The Loan will be used to cover short term working capital needs and is expected to be repaid in the next three months from anticipated cash receipts.

Given the substantial shareholding of Hawk, the Loan is deemed a related party transaction under the AIM Rules for Companies. The Directors, having consulted with finnCap, consider that the terms of the Loan are fair and reasonable insofar as the Company's shareholders are concerned.

 

Further Details:

 

OneView Group plc

Tel: 01634 673172

Stuart Mitchell, CEO

 

Linda Palanza, COO

 

Mark Wilson, Finance Director

 

 

 

 

finnCap Ltd

Tel: 020 7220 0500

Geoff Nash

 

Kate Bannatyne

 

Stephen Norcross (Broking)

 

 

 

 

Hybridan

Tel: 020 3764 2341

Claire Noyce (Broking)

 

 

 

 

Newgate Communications

Tel: 020 7653 9848

Bob Huxford

 

Lydia Thompson

 

 

 The information communicated in this announcement is inside information for the purposes of Article 7 of Regulation 596/2014.

 

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