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Short Term Loan Facility

22nd Jan 2018 07:00

RNS Number : 4588C
OneView Group PLC
22 January 2018
 
 

22 January 2018

OneView Group plc

("OneView" or the "Company")

 

Short Term Loan Facility

OneView (AIM: ONEV), one of the retail industry's leading digital transformation software providers for in-store customer service, announces that Hawk Investment Holdings Limited ("Hawk") and Lane Capital Group Limited ("LCG"), which is wholly owned by Gary Lane, a Non-Executive Director and his immediate family, have provided the Company with a loan facility (the "Loan") of $300,000. The Loan was drawn down on 16 January 2018 and is for a term of 90 days. The Loan is unsecured and interest is charged at 1% per month. The Loan will be used to cover short term working capital needs pending large customer receipts expected later in the first quarter of 2018. It can be repaid at any time.

Given the significant shareholdings of Hawk and LCG and the board position held by Gary Lane, the Loan is deemed a related party transaction under the AIM Rules for Companies. The independent Directors (being all those other than Gary Lane), having consulted with finnCap, consider that the terms of the Loan is fair and reasonable insofar as the Company's shareholders are concerned.

Further Details:

 

OneView Group plc

Tel: 01634 673172

Stuart Mitchell, CEO

Linda Palanza, COO

Mark Wilson, Finance Director

finnCap Limited

Tel: 0207 220 0500

Geoff Nash

Kate Bannatyne

Turner Pope Investments

Tel: 020 3621 4120

Ben Turner

James Pope

Newgate Communications

Tel: 020 7653 9848

Bob Huxford

Lydia Thompson

 

 

About OneView Commerce

OneView Commerce is a pioneer in digital store transformation, helping global retailers implement successful unified commerce strategies that centre on the critical engagement in store. The company's cloud-based Digital Store Platform combines digital-ready point of sale, line busting, and end-to-end unified commerce capabilities, with the ability to capture and deliver the rich content from these store interactions across the retail enterprise. OneView enables the exchange of this powerful store information to immediately impact sales, business operations and the customer experience. Travis Perkins plc, Wickes, and Discount Tire Corporation are among the global retailers revolutionizing their stores with OneView Commerce. For more information, visit www.oneviewcommerce.com.

 

 

 

 

 

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