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Revised Loan Arrangement

3rd Apr 2013 15:36

RNS Number : 5027B
Zamano PLC
03 April 2013
 

zamano plc

 

3 April 2013

 

zamano plc ("zamano" or the "Company") - Revised Loan Arrangement and Related Party Transaction

 

zamano, a leading provider of interactive applications and services to mobile devices, is pleased to announce that it has entered into a loan agreement with Bank of Ireland pursuant to which it will borrow €800,000 on a three year facility from the bank. The funds received have been used to fully discharge the Company's existing liability to Pageant Holdings Limited ("Pageant") which arose following Pageant's acquisition of zamano's loan facility with Bank of Scotland (Ireland) Limited in December 2012.

 

zamano plc

Pat Landy, Chief Executive Officer

Michael Connolly, Company Secretary

Tel: +353 1 554 7313

 

NCB Corporate Finance

Shane Lawlor

Tel: +353 1 611 5611

 

Cenkos Securities

Jon Fitzpatrick

Tel: +44 (0) 20 7397 1951

Alan Stewart

Tel: +44 (0)131 220 6939

 

 

This information is provided by RNS
The company news service from the London Stock Exchange
 
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