CHA Concha

TIDMCHA

RNS Number : 2016Z

Concha plc

13 March 2012

13 March 2012

Concha plc

("Concha" or the "Company")

Short Term Loan Facility

Concha plc, the AIM listed investment vehicle, formerly known as Hot Tuna (International) PLC, announces that it has established a short term loan facility of up to GBP750,000 ("the Loan") with Churchill Media Limited, a private company ("CML"). CML, based in the UK, provides services within the media, technology and communications sectors. Repayable on demand and no longer than 10 months in duration, the interest income (at 6% above LIBOR) is sufficiently greater than traditional debt arrangements and the Loan shall be securitized against the assets of CML.

M Barney Battles, Non-Executive Chairman of Concha commented "By entering into this loan facility with CML we believe we will receive a better return on our cash than simply leaving the money on deposit whilst we actively pursue strategic acquisition opportunities on behalf of Concha's shareholders during the term of the Loan."

Further enquiries:

 
 Concha plc 
 M Barney Battles, Non-Executive Chairman    Tel: 0778 976 6242 
 
 Seymour Pearce (Nominated Adviser and Broker) 
 Mark Percy / Catherine Leftley (Corporate   Tel: 020 7017 8000 
  Finance) 
 Katie Ratner (Corporate Broking) 
 
 
 

Notes to Editors

Concha PLC is an AIM listed investment vehicle created after the disposal of certain intellectual property and assets of the "Hot Tuna" fashion brand.

http://www.Conchaplc.com/

This information is provided by RNS

The company news service from the London Stock Exchange

END

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