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Redemption of Loan Notes

3 Oct 2011 13:22

RNS Number : 4315P
Access Intelligence PLC
03 October 2011
 



 

 

ACCESS INTELLIGENCE PLC

("Access Intelligence" or "the Group")

(Innovative Software-as-Service Solutions)

 

 

Redemption of Loan Notes

 

 

Access Intelligence announced on 10 July 2009 that it had entered into Convertible Loan Agreements in respect of £1.85 million ("Loan Notes").

 

On 30th September 2011 the Company redeemed the £500,000 of Loan Notes held by Octopus Investments Limited at par.

 

This redemption will reduce the Company's annual interest bill by £30,000.

 

Following this transaction £1.25m of the original £1.85m remain outstanding.

 

This will not affect the issued share capital of the Company but will reduce the fully diluted number of shares by 12,500,000.

 

 

For further information:

 

 

Access Intelligence plc

 

Michael Jackson (Executive Chairman

0207 400 0485

Jeremy Hamer (Finance Director)

07977 234 614

 

 

Northland CP

 

Shane Gallwey / Katie Shelton

020 7796 8800

 

 

Cubitt Consulting

 

Chris Lane / Alice Coubrough

020 7367 5100

 

 

 

 

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