Asia Ceramics Holdings PLC Loan Extension (3429Y)
21 2월 2013 - 2:39AM
UK Regulatory
TIDMACHP
RNS Number : 3429Y
Asia Ceramics Holdings PLC
20 February 2013
Asia Ceramics Holdings PLC
("Asia Ceramics" or "the Company")
Loan Extension
Asia Ceramics announces that it has agreed an extension of a
loan of GBP500,000 provided to the Company by its Chief Executive ,
Dr Tom Pu.
The original loan agreement was entered into on 18 August 2010.
Under the terms of the agreement , the loan for GBP500,000, which
is unsecured and interest free, was repayable in five equal
instalments payable quarterly, the first such payment to be made 18
months following the date of the loan agreement. No repayments of
the loan have been made to date. The amendment has extended the
date of repayment to five equal instalments commencing on 31
January 2015 subject to the Company having sufficient funds to meet
the repayments
The amendment is treated as a related party transaction under
the AIM Rules. The independent directors, being the directors of
the Company other than Dr Pu, consider, having consulted with WH
Ireland, that the terms of the transactions are fair and reasonable
insofar as its shareholders are concerned.
Enquiries:
Frank Lewis, Chairman Asia Ceramic Holdings Tel: 07785 273 111
plc
Shawn Wu, CFO Asia Ceramic Holdings Tel: 86-10-68531389
plc
James Joyce WH Ireland Limited Tel: 020 7220 1666
James Bavister WH Ireland Limited
This information is provided by RNS
The company news service from the London Stock Exchange
END
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