Amendment of Loan Notes terms
2005年1月12日 - 12:14AM
RNSを含む英国規制内ニュース (英語)
RNS Number:2504H
Griffin Group PLC
11 January 2005
FOR IMMEDIATE RELEASE 11 January 2005
GRIFFIN GROUP plc
("Griffin Group" or "the Company")
Amendment of Loan Notes terms
On 29 March 2005 the Company announced that it had agreed to issue up to
#500,000 7.2 per cent. Unsecured Loan Notes 2005 (the "Loan Notes"). The Loan
Notes, which are not listed, are convertible into ordinary shares of 5p each of
the Company (the "Ordinary Shares") by the Company on the basis of 20 Ordinary
Shares for each #1 of Loan Notes. The Loan Notes are repayable on 15 March 2005.
The Company has agreed with the Loan Note holders to extend the repayment date
by 12 months to 14 March 2006.
The Company has been informed that Adrian Stecyk (a director of the Company),
owns #25,000 of the Loan Notes. As Adrian Stecyk is a related party, the
independent directors of Griffin Group, being Stephen Dean, Chrystyna Bedrij and
Vince Nicholls, having consulted with the Company's nominated adviser, consider
that the amendment of the terms of the Loan Notes are fair and reasonable
insofar as its shareholders are concerned.
ENDS
Enquiries:
Griffin Group plc
Stephen Dean, Chairman 0034 605 282 211
Beaumont Cornish Limited
Roland Cornish 020 7628 3396
This information is provided by RNS
The company news service from the London Stock Exchange
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