TIDMACC

RNS Number : 1227W

Access Intelligence PLC

22 April 2016

22 April 2016

ACCESS INTELLIGENCE PLC

("Access Intelligence", "the Company" or "the Group")

REDEMPTION OF GBP0.9 MILLION OF 2015 LOAN NOTES

Access Intelligence Plc (AIM: ACC), a leading supplier of Software-as-a-Service (SaaS) solutions for reputation and operational risk management, announced on 16 June 2015 that it had issued GBP1.82 million of nominal 2015 loan notes ("2015 Loan Notes") as part of a subscription to raise GBP3.03 million. The Company is pleased to announce the early redemption of GBP0.9 million of the 2015 Loan Notes by an institutional holder. The GBP0.9 million of 2015 Loan Notes are being repaid in full, plus accrued interest to 22 April 2016.

Following this redemption of GBP0.9 million, the Company will have GBP0.92 million of 2015 Loan Notes outstanding. The 2015 Loan Notes are repayable five years and one month after their issue date and accrue interest at 10 per cent. per annum (payable quarterly) up until the first Anniversary of their issue. Thereafter, they accrue interest at 12 per cent. per annum.

Joanna Arnold, CEO, commented "This signals the Company's first steps towards strengthening the balance sheet and supports long term shareholder value".

For further information:

 
                                       0843 659 
 Access Intelligence plc                   2940 
 Joanna Arnold (CEO) 
  Daryl Paton (CFO) 
 Allenby Capital Limited (Nominated    020 3328 
  Adviser & Broker)                        5656 
 Simon Clements / James Thomas

This information is provided by RNS

The company news service from the London Stock Exchange

END

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April 22, 2016 11:18 ET (15:18 GMT)

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