RNS Number:4696A
Loftus Road PLC
14 March 2001

                       Loftus Road plc (the 'Company')

                       Loan agreement and Board change

Loan Agreement

The Company has entered into a further loan agreement with its Chairman and
major shareholder, Chris Wright, to provide a loan for #1.0 million (the 'Loan
Agreement'). Interest is payable quarterly in arrears at a rate of 2.0 per
cent. above the base rate of Barclays bank. The loan is repayable on demand.
The loan is secured against the Company's assets. The Loan Agreement
constitutes a related party transaction, as defined by the AIM Rules. The
Directors of the Company believe, having consulted with Peel Hunt plc, that
the terms of the Loan Agreement are fair and reasonable as far as the
Company's shareholders are concerned.

Board change

Neil Duncanson has informed the Board that, due to increasing external work
commitments, he will be resigning as a non-executive director of the Company
with immediate effect.


14 March 2001
Loftus Road (LSE:LFT)
Gráfico Histórico do Ativo
De Dez 2024 até Jan 2025 Click aqui para mais gráficos Loftus Road.
Loftus Road (LSE:LFT)
Gráfico Histórico do Ativo
De Jan 2024 até Jan 2025 Click aqui para mais gráficos Loftus Road.