8th Jun 2009 16:40
For Immediate Release 08 June 2009
RAM INVESTMENT GROUP PLC
("RAM" or the "Company")
Option Agreement,
Commercial Loan to Vision Media Group ("VMG") and
Total Voting Rights
COMPLETION OF OPTION AGREEMENT
Further to the investment agreement with Vision Media Group ("VMG") Plc for the 49.9% acquisition of Train FX Limited, RAM has now completed the option agreement at its call to acquire the remaining 50.1% with a long stop date of 31 August 2009.
COMMERCIAL LOAN
The Board further announces a commercial loan facility of up to £200,000 to VMG payable in tranches at RAM's call. The loan is to facilitate the running of Train FX Limited. The first tranche of £76,500 has been drawn down. The loan carries an interest rate of libor plus 1.5% payable upon redemption. The redemption date for the loan is 31 August 2009.
TOTAL VOTING RIGHTS
For purposes of the Disclosure and Transparency Rules of the Financial Services Authority, the board of RAM is required to notify the market of the following:
As at the date of this announcement, the Company's issued share capital consists of 50,490,352 ordinary shares of 1p each, with voting rights ("Ordinary Shares") and 99,934,398 deferred shares of 9.99p each ("Deferred Shares"). The Deferred Shares have no voting rights, are not admitted to trading on AIM and are only entitled to negligible participation in the dividends and return of capital in the Company. The Company does not hold any Ordinary Shares in Treasury.
Therefore the total number of Ordinary Shares in the Company with voting rights is 50,490,352.
The above figure of 50,490,352 Ordinary Shares may be used by shareholders in the Company as the denominator for the calculations by which they will determine if they are required to notify their interest in, or a change to their interest in, the share capital of the Company under the Financial Services Authority's Disclosure and Transparency Rules.
ENDS
Contact:
Edward Adams, RAM Investment Group Plc on 07967 008 448
Tim Baldwin, RAM Investment Group Plc on 07712 872 820
Roland Cornish, Beaumont Cornish Limited on 0207 628 3396
Related Shares:
RAM.L