25 May 2017 07:00
25 May 2017
1pm plc
(the "Group" or the "Company")
Additional loan note issue
LOAN NOTE PROGRAMME: SUCCESSFUL COMPLETION OF SECOND SECURED LOAN NOTE ISSUE
1pm plc (AIM: OPM), the AIM listed independent specialist provider of finance facilities to the SME sector, is pleased to announce the successful issue of £1.23 million three year monthly amortising notes under the Group's £7.5 million secured loan note programme ("SLNP"). The second loan note issue is to raise funds to meet increasing demand for general business loans and property-backed loans from SMEs being originated through the recent establishment of the Loans division and the acquisition of Intelligent Financing Limited, trading as iLoans.
The Group is pleased to note that the second issue under the SLNP was oversubscribed. The SLNP is arranged and administered by LGB Corporate Finance.
For further information, please contact: |
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1pm plc |
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Ian Smith, Chief Executive Officer | 01225 474230 |
James Roberts, Chief Financial Officer | 01225 474230 |
LGB Corporate Finance Angus Grierson, Director
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0207 518 9892 |
Cenkos (NOMAD) |
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Max Hartley (NOMAD), Julian Morse (Sales) | 0207 397 8900 |
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Walbrook PR | 0117 985 8989 |
Paul Vann | 07768 807631 |
| paul.vann@walbrookpr.com |
About 1pm:
The Company was admitted to AIM in August 2006.
1pm plc is a group of established independent finance companies focused on providing SMEs with accessible funding to add value to their businesses. All customers must have good credit histories and proven ability to repay their finance commitments.
Mission Statement - 'Helping the UK economy grow by supporting SMEs'
More information is available on the Company website www.1pm.co.uk