Re banking facilities and equity fundraising

    RNS Number : 2265C
  Myhome International PLC
  28 August 2008
   
    For immediate release
28 August 2008
    Myhome International plc
("Myhome" or the "Company")

Re banking facilities and equity fundraising
    On 22 July 2008, the Company announced that it was in discussions with its bank, Lloyds TSB Bank plc ("Lloyds TSB"), regarding
re-negotiation of the �8 million banking facility and a potential equity fundraising.
    The Board is pleased to announce that it has received an offer from a potential investor, subject to contract, to replace the existing
Lloyds TSB facility with an equivalent facility on terms to be agreed. In addition, the offer requires the company to issue new shares at a
substantial discount to the current market price in order to provide additional working capital. The proposed offer is subject to due
diligence, approval by Lloyds TSB and receipt of shareholder and regulatory approvals as required.
    Further announcements will be made in due course.
    Enquiries:
    Myhome International plc                        01372 471573
Jon Pither
Russell O'Connell
Neal Gossage

Noble & Company Limited                     020 7763 2200
Nick Naylor
Alastair Maclachlan




This information is provided by RNS
The company news service from the London Stock Exchange
 
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