Loan extension with Churchill Media Limited

14 March 2013

Concha plc, the AIM listed investment vehicle, announces that it has agreed an extension of its existing loan facility of £750,000 ("the Loan") with Churchill Media Limited ("CML") through until 30th September 2013 by entering into a new loan agreement at today's date to reflect the revised terms. The Loan is repayable on demand, bears interest at 6% above LIBOR and is secured against the assets of CML. CML has investments in a number of TMT and media businesses. The directors consider that the Loan provides Concha with a good return on its capital whilst they review further investment opportunities.

Following the announcement on 12 March 2013 of the proposed acquisition of an interest in Moshen Limited, Concha is continuing to pursue further potential investments in line with its investing policy and looks forward to making further announcements in the coming weeks.

 

Enquiries:

Concha plc
Chris Akers, Executive Chairman
chris.akers@srgplc.com
   
Strand Hanson Limited (Nominated Adviser and Joint Broker)
James Harris
Andrew Emmott
+44 (0) 20 7409 3494
   
PeterHouse Corporate Finance (Joint Broker)
Jon Levinson
Lucy Williams
+44 (0) 20 7926 0935

 

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