17 Dec 2014 07:00
Progility plc
("Progility" or "the Company" or "the Group")
Listing of Loan Notes
Progility plc (AIM: PGY), the systems integrator and project management services firm, is pleased to announce that the 12% redeemable loan notes (12% Loan Notes) issued by its wholly owned special purpose vehicle, Progility Finco Limited, the creation of which was announced on 1 July 2014, were admitted to the Official List of the Channel Islands Securities Exchange Authority Limited (CISEA) with effect from 18:00 on 16 December 2014.
The Loan Stock was created to provide the Group with a flexible mechanism to raise funds in pursuit of its growth strategy. £7,150,000 of Loan Notes were issued on 14 July 2014 in connection with the acquisition of Starkstrom Group Limited.
In addition £2,133,220 18% redeemable loan notes 2016 previously issued by Progility Finco Limited were simultaneously admitted to the Official List of CISEA.
For further information, please contact: | |
Progility plc | |
Wayne Bos, Executive Chairman | 020 7371 4444 |
John McIntosh, Finance Director | |
www.progility.com | |
SPARK Advisory Partners Limited (Nominated Advisor) | |
Mark Brady | 020 3368 3551 |
Sean Wyndham-Quin | 020 3368 3555 |
W H Ireland Limited (Broker) | |
Adrian Hadden/Mark Leonard | 020 7220 1666 |
Novella Communications Tim Robertson/Ben Heath |
020 3151 7008 |