Corporate Update


 

TIDMCLY 
 
RNS Number : 2151U 
Caplay PLC 
19 June 2009 
 

For immediate release 
 19 June 2009 
Caplay Plc 
("Caplay" or the "Company") 
Corporate update 
 
 
As previously announced on 18 June 2008, the Company made a GBP200,000 loan to 
Textic Limited (the "Loan"), a computer software company specialising in the 
development, marketing and selling of text-to-speech technology for web and 
mobile use, and at the same time, was granted an option to acquire the entire 
issued share capital of Textic Limited ("Textic"). 
 
 
The term of the Loan is a period of twenty four months from the date of the Loan 
agreement (the "Loan Period") such that the Loan must be repaid on or before 17 
June 2010. Caplay may at any time during the Loan Period give notice in writing 
to Textic that Caplay requires repayment of the Loan prior to the expiry of the 
Loan Period provided that the date on which the Loan is requested by Caplay to 
be repaid is not before the expiry of the first twelve month anniversary of the 
Loan, being 18 June 2009. The Loan must be repaid in full on the date on which 
repayment is so requsted by Caplay or if later, on the expiry of the Loan Period 
in 2010. The Loan is secured by a debenture over the business and assets of 
Textic and bears an interest rate of 10.0 per cent. per annum. 
 
 
Since making the Loan, the Board of Caplay has continued to review the progress 
that Textic is making in developing its business and has decided that it would 
be in the best interests of the shareholders of Caplay at this time to request 
repayment of the Loan. Accordingly, Caplay has submitted a request for repayment 
in full of the Loan. 
 
 
A further announcement will be made in due course. 
 
 
 
 
Enquires: 
Caplay PLC  +44 (0) 207 486 8985 
Tony Fabrizi, Chairman 
 
 
Nominated Advisor                                                    + 44 (0) 
207 628 3396 
Michael Cornish, Beaumont Cornish Limited 
 
 
 
 
 
 
ENDS 
 
This information is provided by RNS 
            The company news service from the London Stock Exchange 
   END 
 
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