Highway Capital PLC Loan to company (0579T)
15 July 2015 - 4:00PM
UK Regulatory
TIDMHWC
RNS Number : 0579T
Highway Capital PLC
15 July 2015
Highway Capital plc
("Highway" or the "Company")
Loan to Company
15 July 2015
Highway Capital announces that it has received a loan of
GBP120,000 from Maciej Szytko, a director of the company. The loan
has a term of five years and can be converted at the holder's
request into new ordinary shares in Highway Capital at a price of
10 pence per share. In the event that the loan is not repaid or
converted prior to its maturity date then it will attract accrued
interest at a rate of 5% per annum. The proceeds of the loan will
be used 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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