Repayment of banking facilities
February 04 2010 - 5:13AM
UK Regulatory
TIDMSOR TIDMMER
RNS Number : 6821G
Supporta PLC
04 February 2010
Supporta plc (the "Company" or "Supporta")
04 February 2010
Repayment of banking facilities
On 27 January 2010, Mears Group plc announced its recommended offer for the
entire issued and to be issued share capital of Supporta (the "Offer") had been
declared unconditional.
In the announcement of the Offer released on 18 December 2009, Mears Group plc
agreed to make GBP20 million available to Supporta in the event that the Offer
was declared unconditional. Accordingly, on 27 January 2010 Mears granted a loan
on an arms length basis of GBP20 million to Supporta which has been applied to
repay the Company's indebtedness and to provide general working capital
facilities.
Enquiries:
+-------------------------------+-------------------------------+
| Supporta plc | Tel: 01527 556 573 |
+-------------------------------+-------------------------------+
| John Jasper, Group Chief | |
| Executive | |
+-------------------------------+-------------------------------+
| Darren Xiberras, Group | |
| Finance Director | |
+-------------------------------+-------------------------------+
| | |
+-------------------------------+-------------------------------+
| Brewin Dolphin Investment | Tel: 0845 213 4852 |
| Banking | |
+-------------------------------+-------------------------------+
| Matt Davis | |
+-------------------------------+-------------------------------+
| Sean Wyndham-Quin | |
+-------------------------------+-------------------------------+
This information is provided by RNS
The company news service from the London Stock Exchange
END
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