Extension of loan facilities


 

TIDMROS 
 
RNS Number : 2692W 
Ramco Energy PLC 
24 July 2009 
 

24 July 2009 
Ramco Energy plc 
 
 
("Ramco"or the "Company") 
 
 
Extension of existing loan facilities 
 
 
Ramco Energy plc (AIM: ROS), the Aberdeen-based energy investment company 
announces that it has agreed an extension to the terms of certain existing loan 
facilities. 
 
 
Ramco, announced in April 2008 that it had secured a short term borrowing 
facility in aggregate amount of GBP2 million (the "Facility"), to provide 
additional working capital. 
 
 
The Facility was made available by LC Capital Master Fund, Ltd ("LC"), a 
shareholder in Ramco. 
 
 
The first draw down was made on 24 July 2008 and repayment was initially due six 
months thereafter in January 2009. With the consent of the lender this was 
extended until 24 July 2009, and has now been further extended until 24 January 
2010. Interest is payable at 4 per cent. per annum. 
 
 
Enquiries: 
+-------------------------------------+------------------+ 
| Ramco Energy plc                    |                  | 
+-------------------------------------+------------------+ 
| Chris Moar, Finance Director        | + 44 1224 748480 | 
+-------------------------------------+------------------+ 
| Ambrian Partners Limited            |                  | 
|                                     |                  | 
+-------------------------------------+------------------+ 
| Andrew Craig, NOMAD                 | +44 207 457 2020 | 
+-------------------------------------+------------------+ 
| Richard Swindells, Corporate        |                  | 
| Broking                             |                  | 
+-------------------------------------+------------------+ 
 
 
 
 
 
This information is provided by RNS 
            The company news service from the London Stock Exchange 
   END 
 
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