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Last checked at 
12 Mar 2014 07:00
12 March 2014
Verdes Management plc
("Verdes" or the "Company")
Convertible Loan Agreements Settled
Verdes (AIM: VMP) is pleased toannounce that it has settled the outstanding amounts due to both RAB Capital Limited and Mr P Wildey under the respective convertible loan notes. Both agreements have now been fully completed, and no further monies may be drawn under them, and all conversion rights thereunder have expired.
In addition, the Board is pleased to confirm that amounts due agreed under compromise agreements made with a number of key creditors have been all paid.
Sarah Bertolotti, Verdes' Financial Director states "The Company has now been brought within a short period of time to a stable state and cleared its major liabilities. The Board looks forward to a new chapter in Verdes' history."
For further information please contact:
Verdes Management PLC
Daan van den Noort - Chairman 0208 133 2782
Sarah Bertolotti - Director
SPARK Advisory Partners Limited
Nominated Adviser
Neil Baldwin 0113 370 8974
SI Capital Limited
Broker
Andy Thacker / Nick Emerson 01483 413 510
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