CXM Conexion

TIDMCXM

RNS Number : 7418B

Conexion Media Group PLC

20 April 2012

Conexion Media Group Plc

Amendment to Loan Agreement

Conexion Media Group and Polymer Holdings Ltd have amended their loan agreement which was entered into on 22 December 2008. The outstanding balance of the loan, originally repayable by 22 December 2011, is now repayable by 31 December 2012. The interest rate remains at 2.5% above LIBOR per annum, subject to a minimum rate of 5%, until 31(st) May 2012. From 1(st) June 2012 to 31(st) August 2012 the rate will be 7.5% per annum, and from 1(st) September 2012 the interest rate will be 10% per annum. In the event that the loan has not been repaid by 31(st) December 2012, the interest rate will be 12% per annum. All other terms of the loan agreement remain unchanged.

The directors, having consulted with finnCap, consider the terms of the transaction to be fair and reasonable insofar as shareholders are concerned.

For further information please contact:

Conexion Media

Justin Sherry, CEO

justin@conexion-media.com 020 8987 4150

FinnCap

Corporate Finance

Matthew Robinson/Ben Thompson 020 7220 0500

Corporate Broking

Stephen Norcross 020 7220 0500

This information is provided by RNS

The company news service from the London Stock Exchange

END

MSCGMGZDNGKGZZG

Conexion (LSE:CXM)
Gráfica de Acción Histórica
De May 2024 a Jun 2024

Conexion (LSE:CXM)
Gráfica de Acción Histórica
De Jun 2023 a Jun 2024