Extension of Unsecured Loan
29 January 2010 - 11:23PM
UK Regulatory
TIDMPLW
RNS Number : 3569G
Playwize PLC
29 January 2010
29 January 2010
Playwize plc
("Playwize" or the "Company")
Extension of Unsecured Loan
The Company announces that, further to the announcement made on 11 November
2009, Headstart Global
Aggressive Fund Limited and Headstart Global Fund
Limited (the "Headstart Funds") have agreed to extend the repayment date of part
of an unsecured, interest-free loan of GBP37,300 to the Company (the "Loan
Facility") from 31 January 2010 to 31 March 2010. GBP2,300 of the Loan Facility
has been repaid by the Company and the remaining GBP35,000 is now repayable by
no later than 31 March 2010. The funds drawn down by the Company under the Loan
Facility are being used by the Company to undertake due diligence into
acquisition targets in line with its investment strategy.
For further information:
+---------------------------------------+--------------------------------------+
| Playwize plc | Tel: +972 54 4602 253 |
+---------------------------------------+--------------------------------------+
| John Corre, Chairman | |
+---------------------------------------+--------------------------------------+
| | |
+---------------------------------------+--------------------------------------+
| Allenby Capital Limited | Tel: +44 (0)20 3328 5656 |
+---------------------------------------+--------------------------------------+
| Nick Athanas/James Reeve | |
+---------------------------------------+--------------------------------------+
This information is provided by RNS
The company news service from the London Stock Exchange
END
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