1st Jul 2015 15:30
LONDON (Alliance News) - Environmental Recycling Technologies PLC said Wednesday that a loan of GBP200,000 has been made available by Non-Executive Chairman Ken Brooks.
It said it has to date drawn down against the loan in two tranches, GBP100,000 was made available on March 28, and a further GBP50,000 Monday.
The total loan is unsecured and carries interest at 2% until repayment. The loan may be converted into new shares in the company instead of repayment.
Shares in Environmental Recycling were up 3.2% at 0.490 pence Wednesday afternoon.
By Hana Stewart-Smith; [email protected]; @HanaSSAllNews
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