Ashley House PLC Debt Facility from Related Party (3012D)
April 25 2017 - 10:16AM
UK Regulatory
TIDMASH
RNS Number : 3012D
Ashley House PLC
25 April 2017
25 April 2017
Ashley House plc
Debt Facility from Related Party
Ashley House plc ("Ashley House" or the "Company"), the health
and community care property partner, is pleased to advise that it
has today signed a new loan facility (the "Facility") of
GBP500,000.
The Facility is being provided to the Company by Non-executive
Deputy Chairman Stephen Minion, is available for an initial 12
month period and is secured against individual assets of the
Company and those of its subsidiaries.
Accordingly, the Facility is a Related Party Transaction
pursuant to AIM Rule 13. Ashley House confirms that its directors,
acting without Stephen Minion's participation and having consulted
with the Company's Nominated Adviser, consider that the terms of
the transaction are fair and reasonable in so far as the Company's
shareholders are concerned.
Enquiries:
Ashley House plc 01628 600 340
Antony Walters
Jonathan Holmes
WH Ireland Ltd 0207 220 1666
(Nominated Adviser and broker to Ashley House plc)
Adrian Hadden
Nick Prowting
This information is provided by RNS
The company news service from the London Stock Exchange
END
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