Loan Advance
13 Setembro 2010 - 12:33PM
UK Regulatory
TIDMPNE
RNS Number : 6016S
Preston North End PLC
13 September 2010
Preston North End plc
("Preston North End" or the "Company")
Loan Advance
The Company today announces that a loan of GBP650,000 has been advanced to the
Company by Deepdale PNE Holdings Limited ("DPNE"). This loan is not currently
governed by a loan agreement and is therefore repayable on demand. However, the
Company has agreed with DPNE that the loan will attract interest at a rate of 8%
above one month LIBOR. The interest will be added to the outstanding debt.
The loan will be used by the Company towards meeting the cost of player's and
staff wages due this month and also payments to HMRC in respect of PAYE tax
deductions and National Insurance.
For further information please contact:
Kevin Abbott, Preston North End pl
Tel: 0844 856 1964
Katy Mitchell, WH Ireland Limited
Tel: 0161 832 2174
This information is provided by RNS
The company news service from the London Stock Exchange
END
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