15th Jul 2015 09:26
LONDON (Alliance News) - Highway Capital PLC Wednesday said that Non-Executive Director Maciej Szytko has lent it GBP120,000, with the money to be used for general working capital purposes.
The loan has a term of five years and can be converted at the holder's request into new ordinary shares in Highway Capital at a price of 10 pence per share.
If it isn't repaid or converted before its maturity date, the loan will attract accrued interest at a rate of 5% per annum, the company said.
Highway Capital shares were untraded on Wednesday, having last traded at 15.00 pence.
By Samuel Agini; [email protected]; @samuelagini
Copyright 2015 Alliance News Limited. All Rights Reserved.
Related Shares:
Highway Capital