14th Feb 2017 09:19
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") has agreed to provide an additional loan facility ("the Loan") of $300,000. The Loan is unsecured and attracts an arrangement fee of 1% and interest is charged at 1% per month. The Loan will be used to cover short term working capital needs and is expected to be repaid in the next three months from anticipated cash receipts.
Given the substantial shareholding of Hawk, the Loan is deemed a related party transaction under the AIM Rules for Companies. The Directors, having consulted with finnCap, consider that the terms of the Loan are 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 Ltd | Tel: 020 7220 0500 |
Geoff Nash |
|
Kate Bannatyne |
|
Stephen Norcross (Broking)
|
|
|
|
Hybridan | Tel: 020 3764 2341 |
Claire Noyce (Broking)
|
|
|
|
Newgate Communications | Tel: 020 7653 9848 |
Bob Huxford |
|
Lydia Thompson |
|
The information communicated in this announcement is inside information for the purposes of Article 7 of Regulation 596/2014.
Related Shares:
OneView Group