PNE Preston Nth.End

 

TIDMPNE 
 
RNS Number : 8738L 
Preston North End PLC 
13 May 2010 
 

                              Preston North End plc 
 
                     ("Preston North End" or the "Company") 
 
                              Further loan advance 
 
Further to the announcements made on 3 December 2008, 16 December 2008, 15 
January 2009, 16 February 2009, 12 March 2009, 18 November 2009, 18 February 
2010, 23 February 2010, 12 March 2010 and 19 March 2010 the Company announces 
that a further loan has been advanced to the Company by Guild Ventures Limited. 
This loan is governed by the conditions of the loan agreement made between (i) 
the Company and (ii) Guild Ventures Limited dated 3rd December 2008. 
 
In this instance, Guild Ventures has advanced GBP550,000 which will be used by 
the Company to meet the cost of players' wages due this month. 
 
The total amount to date that has been advanced to the Company by Guild Ventures 
Limited now totals GBP13.28m, including accrued interest. 
 
Chairman, Derek Shaw commented, "The Company is grateful to Guild Ventures 
Limited for this loan.  The Company continues to incur operating losses and 
anticipates that further funding will be required prior to the commencement of 
the new 2010/11 football season in August 2010.  The Company is, therefore, 
currently considering ways with Guild Ventures to secure this funding." 
 
 
For further information please contact: 
 
+-------------------------------+-------------------------------+ 
| Kevin Abbott, Preston North   | Tel: 0844 856 1964            | 
| End plc                       |                               | 
+-------------------------------+-------------------------------+ 
| Katy Mitchell, WH Ireland     | Tel: 0161 832 2174            | 
| Limited                       |                               | 
+-------------------------------+-------------------------------+ 
 
 
 
 
 
This information is provided by RNS 
            The company news service from the London Stock Exchange 
   END 
 
 MSCZMGMKMFVGGZM 
 

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