Business
Redemption of Loan Notes
Redemption of Loan Notes.
About this update from Newmark Security Plc
[{"type":"text","content":"\n Newmark Security PLC\n01 November 2007\n\n\n Newmark Security plc (the 'Company')\n\n Redemption of Loan Notes\n\nThe euro denominated loan notes issued by way of deferred consideration for the\nacquisition of Grosvenor Technology in 2002 were due for redemption on 1st\nNovember 2007. The amount outstanding at the financial year end was £3.561\nmillion. As the Chairman's statement with the report and accounts for the year\nended 30th April 2007 said this was due to be repaid from cash resources at the\ntime together with additional bank facilities which were in the process of being\nagreed with the Group's bankers. The Board is pleased to announce that the loan\nnotes are due to be redeemed today following finalisation of the relevant\nbanking facilities which include £1.2 million by way of a loan repayable over 3\nyears.\n\nThe Company anticipates announcing its interim figures for the 6 months to 31st\nOctober 2007 in the middle of December as last year.\n\nPursuant to AIM Rule 20, the Company confirms that it posted its report and\naccounts for the year ended 30 April 2007 to shareholders on (16 July) 2007.\n\nThis document continues to be available on the Company's website\n\nwww.newmarksecurity.com\n\nEnquiries:\n\nSeymour Pierce Limited\nMark Percy 020 7107 8000\n\n\n This information is provided by RNS\n The company news service from the London Stock Exchange\n \n ","length":1548,"tagName":"div"}]