ONEV Oneview Grp

TIDMONEV

RNS Number : 8228W

OneView Group PLC

14 February 2017

OneView Group plc

("OneView" or the "Company")

Short Term Loan Facility

OneView (AIM: ONEV), one of the retail industry's leading digital transformation software providers for in store customer service, announces that Hawk Investment Holdings Limited ("Hawk") has agreed to provide an additional loan facility ("the Loan") of $300,000. The Loan is unsecured and attracts an arrangement fee of 1% and interest is charged at 1% per month. The Loan will be used to cover short term working capital needs and is expected to be repaid in the next three months from anticipated cash receipts.

Given the substantial shareholding of Hawk, the Loan is deemed a related party transaction under the AIM Rules for Companies. The Directors, having consulted with finnCap, consider that the terms of the Loan are fair and reasonable insofar as the Company's shareholders are concerned.

Further Details:

 
 OneView Group plc            Tel: 01634 673172 
 Stuart Mitchell, CEO 
 Linda Palanza, COO 
 Mark Wilson, Finance 
  Director 
 
 finnCap Ltd                  Tel: 020 7220 
                               0500 
 Geoff Nash 
 Kate Bannatyne 
 Stephen Norcross (Broking) 
 
 Hybridan                     Tel: 020 3764 
                               2341 
 Claire Noyce (Broking) 
 
 Newgate Communications       Tel: 020 7653 
                               9848 
 Bob Huxford 
 Lydia Thompson 
 

The information communicated in this announcement is inside information for the purposes of Article 7 of Regulation 596/2014.

This information is provided by RNS

The company news service from the London Stock Exchange

END

MSCUSAKRBBAUARR

(END) Dow Jones Newswires

February 14, 2017 04:19 ET (09:19 GMT)

Oneview Grp (LSE:ONEV)
Historical Stock Chart
From Mar 2024 to Apr 2024

Oneview Grp (LSE:ONEV)
Historical Stock Chart
From Apr 2023 to Apr 2024