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Second US PPP Loan Forgiven

5th Nov 2021 07:00

RNS Number : 4145R
Bonhill Group PLC
05 November 2021
 

5 November 2021

 

Bonhill Group plc

("Bonhill", the "Company" or the "Group")

Second US Paycheck Protection Program Loan Forgiven

 

Bonhill Group Plc (AIM: BONH) is a leading B2B media business specialising in three key areas: Business Information, Events and Data & Analytics, is pleased to announce that, according to US Small Business Administration, its US Paycheck Protection Program ("PPP2") loan was fully forgiven at the end of October 2021.

 

The Company received a loan of $1.3m as part of the PPP2 to protect US jobs. As the Company used it for employee retention, payroll and other eligible purposes, it was able to make an application for the PPP2 loan to be forgiven, thereby converting it into a grant.

 

This announcement contains inside information for the purposes of Article 7 of EU Regulation 596/2014 ("MAR").

 

For further enquiries please contact:

Bonhill Group plc

+44 (0)20 7250 7035

Simon Stilwell, Chief Executive

Sarah Thompson, Chief Financial Officer

 

 

Shore Capital (Nominated Adviser and Joint Broker)

+44 (0)20 7408 4080

Tom Griffiths

David Coaten

 

 

Canaccord Genuity Limited (Joint Broker)

Bobbie Hilliam

Adam James

Georgina McCooke

 

+44 (0)20 7523 8000

Houston (PR Adviser) 

Alexander Clelland

+44 (0)20 4529 0549

 

About Bonhill Group plc

Bonhill Group plc is a leading, AIM-quoted, B2B media company providing Business Insight, Events and Data & Analytics propositions to Financial Services and business communities in 25 countries. Bonhill operates eleven information websites, publishes three regular print titles, hosts 130 events per annum, offers a portfolio of data & analytics propositions and provides a range of content marketing solutions.

 

The business creates content, sales and marketing opportunities, networking events and transactional opportunities for its audiences of entrepreneurs, business owners and managers, CTOs & technology leaders, asset & wealth managers, and professional women, in addition to its sponsors, advertising clients and customers.

Flagship brands include: InvestmentNews, ESG Clarity Portfolio Adviser, Fund Selector Asia, What Investment, SmallBusiness.co.uk, GrowthBusiness.co.uk, Information Age, Women in… events series, and DiversityQ.

 

 

For more information visit www.bonhillplc.com.

 

 

 

This information is provided by RNS, the news service of the London Stock Exchange. RNS is approved by the Financial Conduct Authority to act as a Primary Information Provider in the United Kingdom. Terms and conditions relating to the use and distribution of this information may apply. For further information, please contact [email protected] or visit www.rns.com.RNS may use your IP address to confirm compliance with the terms and conditions, to analyse how you engage with the information contained in this communication, and to share such analysis on an anonymised basis with others as part of our commercial services. For further information about how RNS and the London Stock Exchange use the personal data you provide us, please see our Privacy Policy.
 
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