Highway Capital PLC Loan to company and investment (3237C)
27 6월 2016 - 4:49PM
UK Regulatory
TIDMHWC
RNS Number : 3237C
Highway Capital PLC
27 June 2016
Highway Capital plc
("Highway" or the "Company")
Loan to Company and investment
27 June 2016
Highway Capital plc announces that it has received a loan of
GBP162,000 from Widman Asset Management SA.
The loan has a two year term and attracts 5% interest per
annum.
The Company will utilise the loan in part to make a further
investment in Mylux, a Cypriot SPV to whom Highway advanced a loan
of GBP89,000 on 3 May 2016. The new loan to Mylux of GBP120,000,
which will be used to make a minority investment in a medical
technology company, will attract interest at a rate of 8 per cent.
per annum and be repayable in 3 months. The balance of the loan
funds received from Widman Asset Management SA will be used by the
Company for general working capital purposes.
This information is provided by RNS
The company news service from the London Stock Exchange
END
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June 27, 2016 03:49 ET (07:49 GMT)
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