27th Feb 2008 14:58
Croma Group PLC27 February 2008 CROMA GROUP PLC ("CROMA" OR "THE GROUP") ISSUE OF 10% CONVERTIBLE LOAN STOCK The Board of Croma, the AIM listed surveillance security and homeland defencespecialist, announce that they have today entered into a 10% loan stockagreement ('Loan Stock') to raise £200,000. The Loan Stock is convertible intoCroma ordinary shares at a price of 5p per share at any time until February2013. The net proceeds of the Loan Stock will be used for working capitalpurposes as the Company seeks to support recent business gains. Sebastian Morley, Chief Executive, commented "it is pleasing that we have nowbeen able to raise, in aggregate, £420,000 through three tranches of loan notesand I believe that this provides more than sufficient working capital for theGroup going forward. With a strengthened balance sheet, we can firmly focus onmaximising the opportunities available across our three trading divisions." Enquiries: Croma Group plcSebastian Morley, Chief Executive 07768 006 909 Seymour Pierce LimitedMark Percy / Jeremy Garrett-Cox 020 7107 8000 This information is provided by RNS The company news service from the London Stock ExchangeRelated Shares:
Croma Security