Mirada PLC Extension of loan facility (9850M)
27 Setembro 2021 - 3:00AM
UK Regulatory
TIDMMIRA
RNS Number : 9850M
Mirada PLC
27 September 2021
The information contained within this announcement is deemed by
the Company to constitute inside information pursuant to Article 7
of EU Regulation 596/2014 as it forms part of UK domestic law by
virtue of the European Union (Withdrawal) Act 2018 as amended.
27 September 2021
Mirada plc
("Mirada" or the "Company")
Extension of loan facility
Mirada plc (AIM: MIRA), a leading provider of integrated
software solutions for digital TV operators and broadcasters, is
pleased to announce that it has increased its loan facility with
Leasa Spain, S.L.U. (the "Lender") and extended the maturity date
to 30 November 2022.
Mirada's subsidiary, Mirada Iberia, S.A.U. ("Mirada Iberia"),
obtained a revolving credit facility for up to EUR1.3 million from
the Lender (the "Facility") on 4 June 2019. On 21 May 2020, the
Company announced that it had agreed an extension to the maturity
date of the Facility to 30 November 2021 (the "Maturity Date").
The Lender has now agreed to increase the Facility to EUR3
million and extend the Maturity Date to 30 November 2022. In
addition, the Facility has been novated from Mirada Iberia to
Mirada plc. All other terms of the Facility remain unchanged and
are set out in the announcement of 4 June 2019 , including that the
Facility is unsecured and bears an interest rate of 8 per cent. per
annum on monies that are drawn down. Currently, EUR1,170,000 is
drawn under the Facili ty.
José-Luis Vázquez, CEO of Mirada, commented:
"We have seen a strong resurgence in new business activity and a
substantial increase in our pipeline of opportunities in recent
months. This extension grants us significant financial flexibility
and provides additional comfort that we can deliver against our
ambitious near-term growth plans."
The amendment of the Facility is a related party transaction
pursuant to rule 13 of the AIM Rules for Companies, due to the
Lender being owned by Mr Ernesto Luis Tinajero Flores who has a
beneficial interest in 87.21 per cent. of the Company's issued
share capital through his indirect interest in Kaptungs Limited,
which holds 7,768,791 ordinary shares of the Company. 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.
Contacts
Mirada plc via Alma PR
José-Luis Vázquez, Chief
Executive Officer
Gonzalo Babío, Finance Director
Allenby Capital Limited (Nominated +44 (0)20 3328
Adviser & Broker) 5656
Jeremy Porter/Liz Kirchner (Corporate
Finance)
Jos Pinnington (Sales and Corporate
Broking)
+44 (0)20 3405
Alma PR (Financial PR Adviser) 0205
David Ison mirada@almapr.co.uk
Andy Bryant
Matthew Young
About Mirada
Mirada is a leading provider of products and services for
Digital TV Operators and Broadcasters. Founded in 2000 and led by
CEO José Luis Vázquez, the Company prides itself on having spent
over 20 years as a pioneer in the Digital TV market. Mirada's core
focus is on the ever-growing demand for TV Everywhere for which it
offers a complete suite of end-to-end modular products across
multiple devices, all with innovative state-of-the-art UI designs.
Mirada's products and solutions, acclaimed for unparalleled
flexibility and optimal time to market, have been deployed by some
of the biggest names in digital media and broadcasting including
Televisa, ATN International, Telefonica, Sky, Virgin Media, BBC,
ITV, Skytel and France Telecom Orange. Headquartered in London,
Mirada has commercial representation across Europe, Latin America
and Southeast Asia and operates technology centres in the UK, Spain
and Mexico. For more information, visit www.mirada.tv.
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END
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September 27, 2021 02:00 ET (06:00 GMT)
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