12th Jan 2015 07:00
12 January 2015
Daily Internet plc
("Daily Internet" or "the Company" or "the Group")
Redemption of Convertible Loan Notes
Daily Internet (AIM: DAIP), the hosting and cloud infrastructure provider, announces that it has repaid £170,000 nominal of the 9% convertible loan notes 2015 ("CLNs"). Following the redemption the Company will continue to have £105,000 nominal of 9% convertible loan notes 2016 in issue. The 2016 CLNs have a redemption date of 8 January 2016.
The redemption has been satisfied from the Company's existing cash resources. The Company's P&L account will also benefit from the removal of the associated annual interest charge.
For further information please contact:
Daily Internet plc Christopher Evans, CEO Michael Edelson, Chairman
|
+44 (0)151 559 1752 +44 (0)161 393 6800 |
Sanlam Securities UK Limited (Nominated Adviser and Joint Broker) Simon Clements/Max Bascombe
| +44 (0)20 7628 2200 |
Loeb Aron & Company Limited (Joint Broker) Dr Frank Lucas/Peter Freeman
| +44 (0)20 7628 1128 |
Walbrook PR Limited Bob Huxford/Guy McDougall/Sam Allen | +44 (0)20 7933 8780 |
Related Shares:
Sysgroup