Touch Group PLC
26 September 2011TOUCH GROUP PLC('Touch Group' or 'the Company') Related Party LoanThe Company announces that in June 2011 Mr Vincent Isaacs Executive Chairman made available to the Company an unsecured loan of £215,000 to be used for working capital purposes. The loan, which has been drawn down in full, has an interest charge of 3.25 per cent per annum.The loan provided by Mr Isaacs and the interest payable thereon is classified as a related party transaction. The independent directors considered the loan to be in the best interests of the Company and shareholders as a whole. Having subsequently consulted with the Company's nominated adviser, the independent directors are of the view that the terms of the loan were fair and reasonable insofar as its shareholders are concerned.EnquiriesFor further information please contact: Touch Group plcVincent IsaacsExecutive Chairman Tel: 0207 452 5222Shore Capital and Corporate Ltd. Anita GhanekarEdward Mansfield Tel: 0207 408 4090
End-of-day quote
Other stock markets
|
||
- GBX | - |
1st Jan change | Capi. | |
---|---|---|
+2.22% | 8.21B | |
+7.79% | 6.61B | |
+20.77% | 4.42B | |
+25.43% | 3.91B | |
+22.91% | 3.13B | |
-2.56% | 2.35B | |
+39.40% | 1.95B | |
-4.93% | 1.52B | |
+5.91% | 1.35B |
- Stock Market
- Equities
- TOU Stock
- News Touch Group plc
- Touch Group plc : Related Party Loan