Director Loan
23 Abril 2009 - 12:50PM
UK Regulatory
TIDMMAP
RNS Number : 0791R
MG Capital PLC
23 April 2009
MG Capital plc
("MG Capital" or "the Company")
Director Loan
The Company announces that its Chairman, Mr. Peter Hannen, has agreed to lend to
the Company the sum of GBP90,000 ("the Loan"). The Loan is unsecured and the
Company may elect to repay the Loan or part of it at any time. The principal
amount of the Loan outstanding from time to time will carry interest at the rate
of 6 per cent per annum. The Loan is repayable on receipt of one month's notice
from the lender.
With the exception of Mr Hannen, who is involved in the transactions as a
related party, the directors of MG Capital consider, having consulted with the
Company's nominated adviser, that the terms of the transactions are fair and
reasonable insofar as its shareholders are concerned.
- Ends -
For further information, please contact:
+-------------------------------------------+----------------------------+
| MG Capital plc | |
+-------------------------------------------+----------------------------+
| Charles Fowler | Tel: +44 (0) 20 7332 2040 |
+-------------------------------------------+----------------------------+
+-------------------------------------------+----------------------------+
| Nominated Adviser: | |
| Grant Thornton UK LLP | |
+-------------------------------------------+----------------------------+
| Gerry Beaney/Fiona Kindness | Tel: +44 (0) 20 7383 5100 |
+-------------------------------------------+----------------------------+
This information is provided by RNS
The company news service from the London Stock Exchange
END
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