Corero Network Security PLC New Debt Facility and Result of General Meeting (2487M)
26 April 2018 - 8:35PM
UK Regulatory
TIDMCNS
RNS Number : 2487M
Corero Network Security PLC
26 April 2018
26 April 2018
Corero Network Security plc
("Corero" or the "Company")
New Debt Facility
and
Result of General Meeting
On 5 April 2018, Corero (AIM: CNS), the network security
company, announced a conditional Placing and Subscription to raise
GBP4.0 million (before expenses) and that it was in final stage
discussions with a bank regarding a new debt facility ('the
Facility') to provide additional finance of up to GBP3.0 million
($4.2 million).
The Company today confirms that it has entered into the
Facility, on the terms set out in the announcement on 5 April 2018,
subject to completion of the Placing and Subscription and certain
customary pre-draw down conditions. The Company is also pleased to
announce that at its General Meeting held earlier today, the
resolutions as set out in the Circular dated 5 April 2018 were duly
passed without amendment. The Directors therefore expect the
Placing and Subscription to become unconditional on 27 April 2018,
following admission of the Placing Shares and Subscription Shares
to AIM.
Defined terms used in this announcement not otherwise defined
shall have the same meanings as those terms defined and used in the
Circular dated 5 April 2018.
Enquiries:
Corero Network Security Tel: 01895 876 382
plc
Andrew Miller, CFO
Cenkos Securities plc Tel: 020 7397 8900
Mark Connelly / Bobbie
Hilliam - NOMAD
Michael Johnson - Sales
Vigo Communications Tel: 020 7830 9703
Jeremy Garcia / Ben Simons
corero@vigocomms.com
This information is provided by RNS
The company news service from the London Stock Exchange
END
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