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Further re Loan Note Issue

24 May 2013 17:10

RNS Number : 5904F
Snacktime PLC
24 May 2013
 



SnackTime plc ("SnackTime" or the "Company")

Re Loan Note issue

Further to its announcement on 5 April 2013, SnackTime announces that shareholders have validly subscribed for £8,249 of 5 year unsecured loan notes (the "Loan Notes") in proportion to their shareholding in the Company. Due to the low level of valid subscriptions received and having received the consent of each of Michael Jackson and his family trusts and Michiel Slinkert respectively, the Board has elected not to reassign £8,249 of Loan Notes from each of Michael Jackson and his family trusts and Michiel Slinkert as originally intended, but to issue new £8,249 Loan Notes on the same terms under existing authorities granted to the Board.

The valid subscriptions received include one from the SIPP of Mr Ian Forde, a non-executive Director of the Company, for the sum of £3,058.

For further information:

 

 SnackTime PLC

Jeremy Hamer, Chairman

Tim James, Finance Director 0208 879 8300

 

Westhouse Securities

Tom Griffiths 020 7601 6100

 

 

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