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9 Aug 2013 10:11
9 August 2013
C. A. Sperati (The Special Agency) PLC
("CAS" or the "Company")
Loan Agreement
CAS is pleased to announce that on 8 August 2013 it agreed the terms of an unsecured convertible £12,000 loan which has been made available to the Company by Teather & Greenwood Limited, a company which is wholly owned by Jason Drummond. The loan, which will be used for general working capital purposes, has been made available to the Company on the following terms:
1. it is repayable on 2 January 2015;
2. no interest will be payable; and
3. it is convertible, on the occurrence of certain events in connection with the growth strategy of the Company, at a value of £4 per ordinary share ("Ordinary Shares") of £0.50 each in the capital of the Company, equating to 3,000 Ordinary Shares.
Contacts:
Oliver Fattal, Chief Executive Officer, CAS - 0207 355 7071
Roland Cornish / Emily Staples, Beaumont Cornish Limited - 0207 628 3396
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