1PM PLC Additional Loan Note Issue (2054G)
May 25 2017 - 2:02AM
UK Regulatory
TIDMOPM
RNS Number : 2054G
1PM PLC
25 May 2017
25 May 2017
1pm plc
(the "Group" or the "Company")
Additional loan note issue
LOAN NOTE PROGRAMME: SUCCESSFUL COMPLETION OF SECOND SECURED
LOAN NOTE ISSUE
1pm plc (AIM: OPM), the AIM listed independent specialist
provider of finance facilities to the SME sector, is pleased to
announce the successful issue of GBP1.23 million three year monthly
amortising notes under the Group's GBP7.5 million secured loan note
programme ("SLNP"). The second loan note issue is to raise funds to
meet increasing demand for general business loans and
property-backed loans from SMEs being originated through the recent
establishment of the Loans division and the acquisition of
Intelligent Financing Limited, trading as iLoans.
The Group is pleased to note that the second issue under the
SLNP was oversubscribed. The SLNP is arranged and administered by
LGB Corporate Finance.
For further information,
please contact:
1pm plc
Ian Smith, Chief Executive
Officer 01225 474230
James Roberts, Chief
Financial Officer 01225 474230
LGB Corporate Finance
Angus Grierson, Director 0207 518 9892
Cenkos (NOMAD)
Max Hartley (NOMAD),
Julian Morse (Sales) 0207 397 8900
Walbrook PR 0117 985 8989
Paul Vann 07768 807631
paul.vann@walbrookpr.com
About 1pm:
The Company was admitted to AIM in August 2006.
1pm plc is a group of established independent finance companies
focused on providing SMEs with accessible funding to add value to
their businesses. All customers must have good credit histories and
proven ability to repay their finance commitments.
Mission Statement - 'Helping the UK economy grow by supporting
SMEs'
More information is available on the Company website
www.1pm.co.uk
This information is provided by RNS
The company news service from the London Stock Exchange
END
MSCSEESIIFWSELI
(END) Dow Jones Newswires
May 25, 2017 02:02 ET (06:02 GMT)
Time Finance (LSE:TIME)
Historical Stock Chart
From Apr 2024 to May 2024
Time Finance (LSE:TIME)
Historical Stock Chart
From May 2023 to May 2024