14th Mar 2013 14:16
14 March 2013
Concha plc
("Concha" or the "Company")
Loan extension with Churchill Media Limited
Concha plc, the AIM listed investment vehicle, announces that it has agreed an extension of its existing loan facility of £750,000 ("the Loan") with Churchill Media Limited ("CML") through until 30th September 2013 by entering into a new loan agreement at today's date to reflect the revised terms. The Loan is repayable on demand, bears interest at 6% above LIBOR and is secured against the assets of CML. CML has investments in a number of TMT and media businesses. The directors consider that the Loan provides Concha with a good return on its capital whilst they review further investment opportunities.
Following the announcement on 12 March 2013 of the proposed acquisition of an interest in Moshen Limited, Concha is continuing to pursue further potential investments in line with its investing policy and looks forward to making further announcements in the coming weeks.
Enquiries:
Concha plc Chris Akers
| 07767 775 888 |
Strand Hanson Limited (Nominated Adviser and Joint Broker) James Harris Andrew Emmott
| 020 7409 3494 |
PeterHouse Corporate Finance (Joint Broker) Jon Levinson Lucy Williams
| 020 7926 0935 |
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