AQA Aquabella Grp

RNS Number:1813Q
Aquabella Group PLC
14 March 2008


Aquabella Group plc (the 'Company')

Financing update

14 March 2008


Further to the Trading and Financing statement made on 13 February 2008 where
the company reported that working capital in the business is under pressure and
that the Board is actively exploring options to address its short term financing
requirements and the subsequent request on 19 February 2008 for suspension in
trading of the shares in the Company, the Company is pleased to announce that it
has agreed terms for the subscription of �225,000 of convertible loan notes 
("Loan Notes") from existing investors.  The Loan Notes carry an interest rate 
of 8% and will be convertible into Ordinary Shares at the lower of 12p per share 
or the lowest price at which any Ordinary Shares are issued by the Company 
during the term and will be convertible at any time at the discretion of the 
holder of the Loan Notes.

This financing addresses the immediate working capital requirements of the
Company whilst it continues to actively explore options to address its short and
medium term financing requirements.

The Company has requested that its shares remain temporarily suspended pending a
further announcement.



Enquiries

Aquabella
Pieter Totte
020 7234 0570

Shore Capital
Guy Peters
020 7408 4090


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