18th Aug 2011 07:00
18 August 2011
OPSEC SECURITY GROUP PLC
(the "Company")
Investcorp Loan Agreement
OpSec Security Group plc announces that, following the change of control resulting from the successful cash offer for the Company by Orca Holdings Limited ("Orca"), it has received notice from Orca that all outstanding balances under the loan agreement dated 1 February 2010 (the "Loan Agreement") together with all accrued interest, and all other amounts payable under the agreement have become immediately due under the terms of the Loan Agreement.
The Company was already in negotiations with a number of banks with regards to refinancing the loan and will make a further announcement in due course.
For further information, please contact:
OpSec Security Group plc Mark Turnage, Chief Executive Mike Angus, Finance Director | 0191 417 5434 |
Shore Capital & Corporate Ltd Stephane Auton / Edward Mansfield | 020 7408 4090 |
Weber Shandwick Financial Nick Oborne / Stephanie Badjonat | 020 7067 0700
|
Related Shares:
OSG.L