4th Jun 2007 11:42
Delcam PLC04 June 2007 DELCAM PLC RELATED PARTY TRANSACTION Delcam plc ("the Company" or "Delcam") announces that it has entered into a loanagreement with Renishaw plc ("the Loan Agreement"). This is a related partytransaction as a consequence of Renishaw plc being a substantial shareholder inthe Company. Under the Loan Agreement Delcam has advanced Renishaw plc theprincipal sum of two million pounds from its cash deposits, for a period of 30days. The principal amount plus interest calculated at 5.7 percent per annum isto be repaid on 29 June 2007. The Directors of Delcam, having consulted with its nominated advisers, BrewinDolphin Securities Limited, consider that the terms of the transaction are fairand reasonable insofar as its shareholders are concerned. For further information contact: Delcam plc:Hugh Humphries - Managing Director 0121 766 5544Kulwant Singh - Finance Director 0121 766 5544 Brewin Dolphin Securities Limited:Ian Stanway 0121 236 7000 Biddicks Katie Tzouliadis 0207 448 1000 This information is provided by RNS The company news service from the London Stock ExchangeRelated Shares:
Renishaw