12th Jan 2015 09:55
LONDON (Alliance News) - Web hosting and cloud infrastructure company Daily Internet PLC on Monday said it has repaid GBP170,000 of its 2015 convertible notes.
Following the repayment, the company will have GBP105,000 nominal of 9% convertible loan notes 2016 in issue, it said. The 2016 notes have a redemption date of January 8, 2016.
The company said the redemption was made from existing cash resources.
Shares in Daily Internet were down 15% Monday morning at 1.25 pence.
By Sam Unsted; [email protected]; @SamUAtAlliance
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