CFC China Food Co.

TIDMCFC

RNS Number : 1651A

China Food Company PLC

18 December 2014

 
   Press Release     18 December 2014 
 

China Food Company Plc

("China Food", the "Group" or the "Company")

Loan Note extension

China Food Company Plc (AIM: CFC), a leading Chinese manufacturer of cooking and dipping sauces, announces that it has now agreed with the required majority of the loan note holders of the GBP5.7 million of Convertible Loan Notes of GBP1,000 each outstanding ("Loan Notes"), that the redemption date has been extended to 31(st) January 2015, and subject to progress on the disposal, the loan-note holders have agreed to extend the loan notes for a further three months to 30(th) April 2015. All other terms of the Loan Notes are unchanged.

As previously notified, the Company intends to redeem the Loan Notes from the proceeds arising from the sale of either its operating businesses. Without a sale of the operating businesses the Company will not have sufficient funds to redeem the Loan Notes.

- Ends -

For further information:

 
 China Food Company Plc 
 John McLean, Chairman               Tel: +44 (0) 7768 031 454 
                                      www.chinafoodcompany.com 
 finnCap 
 Geoff Nash                                 Tel: +44 (0) 20 7220 
                                                            0500 
 
 Numis Securities 
 David Poutney (Broker)                     Tel: +44 (0) 20 7260 
                                                            1000 
 
 

Media enquiries:

 
 Abchurch Communications 
 Henry Harrison-Topham / Canace Wong     Tel: +44 (0) 20 7398 
                                                         7702 
 henry.ht@abchurch-group.com           www.abchurch-group.com 
 

This information is provided by RNS

The company news service from the London Stock Exchange

END

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