27th Jun 2008 11:24
Theo Fennell plc ("Theo Fennell" or "the Company")
Amendment to terms of convertible loan stock
On 3 September 2003 the Company issued a £1 million loan note instrument with a final repayment date of 30 June 2008 ("Convertible Loan Notes). All of the Convertible Loan Notes have been subsequently converted into shares in the Company, except for the £300,000 of Convertible Loan Notes held by Richard Northcott (the "FRN Convertible Notes"). The Company is pleased to announce that it has today agreed with Richard Northcott to extend the final repayment date from 30 June 2008 to 30 June 2011, with the FRN Convertible Notes otherwise remaining on the same terms (including the right to covert into ordinary shares of 5 pence each in the capital of the Company at a price of 30 pence per share).
Related Shares:
TFL.L