INVU Invu

 

TIDMINVU 
 
RNS Number : 4398L 
Invu plc 
06 May 2010 
 

 
 
 
6 May 2010 
 
                                    Invu plc 
 
                                Loan Agreements 
 
Invu plc (LSE, AIM: INVU) ('the Company') announces that Tyne & Wear Holdings 
Limited ('Tyne & Wear'), Magpie Investments Limited ('Magpie') and Cynthia 
Goldman have agreed new loan agreements in full settlement of their existing 
Loans to the Company. These loans are to be secured by a second charge on the 
assets of the group, carry an interest rate of 12.5 percent per annum and are 
repayable on 30 June 2011. 
 
On 18 January 2010 Tyne & Wear entered into a GBP1,049,117 loan facility 
repayable with interest on 1 May 2010. Under the new loan agreement Tyne & Wear 
will loan the Company GBP1,086,124 in full settlement of the amount due under 
the loan of 18 January. 
 
On 18 January 2010 Magpie entered into a GBP510,445 loan facility repayable with 
interest on 1 May 2010. Under the new Loan agreement Magpie will loan the 
Company GBP528,450 in full settlement of the amount due under the loan of 18 
January. 
 
On 22 January 2010 Cynthia Goldman entered into a GBP500,000 loan facility 
repayable with interest on 1 May 2010. Under the new Loan agreement Cynthia 
Goldman will loan the Company GBP516,952 in full settlement of the amount due 
under the loan of 22 January. 
 
Goldman Investments, a company whose majority shareholder is Daniel Goldman the 
Chairman of the Company, provides investment advice to both Tyne & Wear and 
Magpie. Cynthia Goldman is Daniel Goldman's mother. Therefore given the 
potential conflict of interest arising from these relationships, Mr. Goldman has 
not participated in the negotiation or approval by the directors of these 
Facilities. 
 
Tyne & Wear and Cynthia Goldman are both substantial shareholders of the Company 
for the purposes of the AIM Rules for Companies ('AIM Rules') and, as such, are 
related parties of the Company. 
 
The entering into of the Facilities with Tyne & Wear and Cynthia Goldman are 
classified as transactions with related parties for the purposes of the AIM 
Rules. In accordance with the AIM Rules, the directors of the Company, with the 
exclusion of Daniel Goldman, having consulted with the Company's nominated 
adviser, Canaccord Adams, consider that the terms of the transaction are fair 
and reasonable insofar as the Company's shareholders are concerned. 
 
                                     -ends- 
For further information please contact: 
 
+-----------------------------------------+----------------+ 
| Invu plc                                | 01604 859893   | 
+-----------------------------------------+----------------+ 
| Daniel Goldman, Non Executive Chairman                   | 
+----------------------------------------------------------+ 
| Colin Gallick, CEO                                       | 
+----------------------------------------------------------+ 
| Ian Smith, CFO                                           | 
|                                                          | 
+----------------------------------------------------------+ 
| Canaccord Adams                         | 020 7050 6500  | 
+-----------------------------------------+----------------+ 
| Simon Bridges                                            | 
|                                                          | 
+----------------------------------------------------------+ 
| Financial Dynamics                      | 020 7831 3113  | 
+-----------------------------------------+----------------+ 
| Juliet Clarke / Haya Herbert-Burns / Emma Appleton       | 
+-----------------------------------------+----------------+ 
 
About Invu 
Invu [LSE, AIM, Symbol: INVU] develops software that incorporates document 
management, content management, workflow, automation and collaboration 
specialising in solutions for the mid-market and smaller businesses. 
Also known as the paperless office, Invu typically gives a return on investment 
in under six months, allowing companies to see efficiency savings in terms of 
both money and time. 
Invu's Open Search integration allows SharePoint users to utilise fully the 
benefits of WSS or MOSS whilst retaining the functions of specialist document 
and content management. 
Invu's solutions enable automated scan, capture and management, processing and 
output transformation. Invu also integrates with all major accounting systems 
including ERP and CRM systems. 
For more information about Invu: www.invu.net 
 
 
This information is provided by RNS 
            The company news service from the London Stock Exchange 
   END 
 
 MSCSSASAMFSSELI 
 

Invu (LSE:INVU)
Gráfico Histórico do Ativo
De Abr 2024 até Mai 2024

Invu (LSE:INVU)
Gráfico Histórico do Ativo
De Mai 2023 até Mai 2024