Highway Capital PLC Loan to Company (7440T)
31 March 2016 - 11:30PM
UK Regulatory
TIDMHWC
RNS Number : 7440T
Highway Capital PLC
31 March 2016
Highway Capital plc
("Highway" or the "Company")
Loan to Company
31 March 2016
Highway Capital announces that it has received a loan of
GBP20,000 from Dariusz Zych, a non-executive 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
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