Mirada PLC Extension to loan maturity date (6462N)
21 Maio 2020 - 8:16AM
UK Regulatory
TIDMMIRA
RNS Number : 6462N
Mirada PLC
21 May 2020
Prior to publication, the information contained within this
announcement was deemed by the Company to constitute inside
information as stipulated under the Market Abuse Regulations (EU)
No. 596/2014 ("MAR"). With the publication of this announcement,
this information is now considered to be in the public domain.
21 May 2020
Mirada plc
("Mirada" or the "Company")
Extension to loan maturity date
Mirada (AIM: MIRA), a leading provider of integrated software
solutions for digital TV operators and broadcasters, announces that
its subsidiary, Mirada Iberia, S.A.U., has agreed an extension to
the term of its revolving credit facility for up to EUR1.3 million
(the "Facility"), details of which were announced on 4 June
2019.
The term of the Facility has been extended by 12 months and now
expires on 30 November 2021 ("Maturity Date"), although the Company
retains the option to repay any drawn amounts earlier. Currently,
EUR1.1 million is drawn under the Facility. The Board of Mirada
considered it prudent to extend the Maturity Date in order to
provide cashflow flexibility and bearing in mind the global
uncertainties presented by the COVID-19 pandemic.
All other terms of the Facility remain unchanged and are set out
in the announcement of 4 June 2019.
The Facility is provided by Leasa Spain, S.L.U. (the "Lender"),
which is owned by Mr Ernesto Luis Tinajero Flores ("Mr Tinajero").
Mr Tinajero, through his indirect interest in Kaptungs Limited, has
a beneficially interest in 7,768,791 ordinary shares of the
Company, representing 87.21 per cent. of the Company's issued share
capital. Therefore, the agreement with the Lender to extend the
Maturity Date is a related party transaction pursuant to rule 13 of
the AIM Rules for Companies. Accordingly, the Directors of the
Company consider, having consulted with the Company's Nominated
Adviser, that the terms of the transaction are fair and reasonable
insofar as the Company's shareholders are concerned.
Enquiries:
Mirada plc +44 (0) 207 868 2104
José Luis Vázquez, Chief investors@mirada.tv
Executive Officer
Gonzalo Babío, Chief Financial
Officer
Newgate Communications +44 (0) 207 653 9850
Bob Huxford mirada@newgatecomms.com
Tom Carnegie
Megan Kovach
Allenby Capital Limited +44 (0) 20 3328 5656
(AIM Nominated Adviser and Broker)
Jeremy Porter
Liz Kirchner
-------------------------
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END
MSCKKDBDDBKDNPB
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May 21, 2020 07:16 ET (11:16 GMT)
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