Convertible loan confirmed
31 October 2007 - 3:00AM
UK Regulatory
RNS Number:6402G
Screen FX PLC
30 October 2007
Press Release 30 October 2007
ScreenFX plc
("ScreenFX" or "the Group")
Convertible loan confirmed
Following the announcement of 17 October 2007, ScreenFX plc (AIM:SFX), the
digital advertising and communications specialist, announces that the
convertible loan facility ("loan") agreed with Trafalgar Capital Specialised
Investment Fund ("Trafalgar Capital") has been increased in size from #330,000
to #525,000. Of this #525,000, #300,000 is being committed immediately and a
further #225,000 is to be committed on or before 30 November 2007.
In accordance with the terms of the loan, warrants of the value of #30,000
exercisable at a warrant exercisable price of 0.025 pence, will be provided to
Trafalgar Capital.
- Ends -
For further information:
ScreenFX plc
Mike Cottman, Executive Chairman Tel: +44 (0) 161 428 5544
mikec@screenfx.com www.screenfx.com
Seymour Pierce Limited
Stuart Lane / John Depasquale, Corporate Finance Tel: +44 (0) 20 7107 8000
stuartlane@seymourpierce.com www.seymourpierce.com
Media enquiries:
Abchurch
Henry Harrison-Topham / Gareth Mead Tel: +44 (0) 20 7398 7700
henry.ht@abchurch-group.com www.abchurch-group.com
This information is provided by RNS
The company news service from the London Stock Exchange
END
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