Proxama PLC Settlement of credit facility and loan note (5894N)
10 August 2017 - 4:01PM
UK Regulatory
TIDMPROX
RNS Number : 5894N
Proxama PLC
10 August 2017
10 August 2017
Proxama Plc
("Proxama" or the "Company")
Settlement of credit facility and loan note
Board appointments
Director's interests
Settlement of credit facility and loan note
Proxama, a leading mobile location and data intelligence expert,
announces it has now settled its GBP2.5 million revolving credit
facility with Barclays and its loan note with White Angle, having
successfully completed its recent Placing and Open Offer.
Board appointments
The Company also confirms that, following the Second Admission
of Conversion Shares, General Placing Shares and Open Offer Shares,
Mark Slade and Dan Francis have joined the Board as Managing
Director and Chief Strategy Officer, respectively.
Director's interests
It was announced on 24 July 2017 that Shaun Gregory,
Non-Executive Director, had subscribed for 166,666,666 shares under
the Placing. Due to a conflict of interest, Mr. Gregory is no
longer able to subscribe for these shares, which have instead been
placed with another placee. Mr. Gregory therefore does not have a
beneficial interest in the Company's Ordinary Shares.
Proxama's Group CEO, John Kennedy, said: "I am pleased to
welcome both Mark and Dan onto the Board. As we continue to
transition to a location intelligence business, using mobile
location data to scale existing data and audience products, their
previous experience will be invaluable."
The following information is disclosed pursuant to Schedule Two
paragraph (g) of the AIM Rules for Companies. Mark Slade, age 41
years, has been a director of the following companies during the
five years preceding the date of this announcement:
Current directorships Past directorships
------------------------- -------------------------
Fourth Screen Consulting 4(th) Screen Advertising
Limited Limited
Daniel Paul Francis, age 43 years, has been a director of the
following companies during the five years preceding the date of
this announcement:
Current directorships Past directorships
---------------------- -------------------
None None
Enquiries:
Proxama PLC Via Redleaf
John Kennedy
Peel Hunt LLP
(Nominated Adviser and Broker)
Richard Kauffer/Euan Brown 020 7418 8900
Redleaf Communications
Charlie Geller/Sam Modlin 020 7382 4747
This information is provided by RNS
The company news service from the London Stock Exchange
END
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