24th May 2013 17:10
SnackTime plc ("SnackTime" or the "Company")
Re Loan Note issue
Further to its announcement on 5 April 2013, SnackTime announces that shareholders have validly subscribed for £8,249 of 5 year unsecured loan notes (the "Loan Notes") in proportion to their shareholding in the Company. Due to the low level of valid subscriptions received and having received the consent of each of Michael Jackson and his family trusts and Michiel Slinkert respectively, the Board has elected not to reassign £8,249 of Loan Notes from each of Michael Jackson and his family trusts and Michiel Slinkert as originally intended, but to issue new £8,249 Loan Notes on the same terms under existing authorities granted to the Board.
The valid subscriptions received include one from the SIPP of Mr Ian Forde, a non-executive Director of the Company, for the sum of £3,058.
For further information:
SnackTime PLC
Jeremy Hamer, Chairman
Tim James, Finance Director 0208 879 8300
Westhouse Securities
Tom Griffiths 020 7601 6100
Related Shares:
Uvenco Uk