Legendary Investments PLC Repayment of Loan (9804G)
August 11 2016 - 12:09PM
UK Regulatory
TIDMLEG
RNS Number : 9804G
Legendary Investments PLC
11 August 2016
11 August 2016
Legendary Investments PLC
("Legendary")
Repayment of Loan
Legendary announces that it has repaid the US$250,000 loan and
interest that was due to Alcazar 1 Pte Ltd ("Alcazar"). As
announced on 19 August 2015, the loan was taken out in May 2015 and
bore interest of 10 per cent. At the time the loan was taken out,
Alcazar held a 11.1% stake in Legendary so was treated as a related
party under Rule 13 of the AIM Rules for Companies. Subsequent to
the successful placing of shares by Legendary in May 2016,
Alcazar's holding in Legendary was diluted down to 9.7%. Therefore,
it is no longer a related party under AIM Rule 13.
- Ends -
For further information, please contact:
Legendary Investments Zafar Karim
Plc / Thomas Reuner 020 8201 3536
Grant Thornton Colin Aaronson
UK LLP / Harrison Clarke 020 7383 5100
Beaufort Securities
Limited Elliot Hance 020 7382 8300
About Legendary Investments Plc
Legendary Investments Plc is a proactive investment company that
focuses on making investments in and assisting companies which
exhibit the potential to generate returns of many multiples through
capital appreciation. Typically, Legendary invests in small
companies where there are clear catalysts for value appreciation
and the companies are operating in sectors exhibiting long term
growth. Examples of such sectors include technology, energy and
natural resources.
This information is provided by RNS
The company news service from the London Stock Exchange
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