Re: Sense Sonic Limited
30 Septiembre 2002 - 11:54AM
UK Regulatory
RNS Number:8654B
Galileo Innovation PLC
30 September 2002
Galileo Innovation plc ("Galileo" or "the Company")
Re Sense-Sonic Limited
Galileo announces that it has put in place a cash deposit of #800,000 with
Barclays Bank plc ("Barclays") to guarantee the overdraft facility that
Sense-Sonic Limited ("Sense-Sonic") has with Barclays. This latest cash deposit
is in addition to the existing cash deposit of #700,000 announced on 3 July this
year and will support Sense-Sonic's short term working capital requirements.
In consideration for further guaranteeing the Sense-Sonic overdraft, the Company
has received transfers from Paul Davidson and Mark Warburton of 6,250 shares,
representing 5 per cent. of the entire issued share capital of Sense-Sonic for
nil consideration;
Paul Davidson, a director of Galileo and a substantial shareholder of the
Company, is also a substantial shareholder of Sense-Sonic. In addition, Robert
Long and Mark Warburton, (directors of the Company), and Angus Monro and Martin
Varley (past directors of the Company), each currently own approximately 4 per
cent. of the issued share capital of Sense-Sonic.
Contact:
Andrew Luff Tel: 01625 538 100
Dated: 30 September 2002
This information is provided by RNS
The company news service from the London Stock Exchange
END
STRURVNRUARKOAR
Galileo Inn. (LSE:GAI)
Gráfica de Acción Histórica
De May 2024 a Jun 2024
Galileo Inn. (LSE:GAI)
Gráfica de Acción Histórica
De Jun 2023 a Jun 2024
Real-Time news about Galileo Inn. (London Stock Exchange): 0 recent articles
Más de Galileo Innovation Artículos de Noticias