Business
Additional Banking Facilities
Additional Banking Facilities.
About this update from Time Finance Plc
[{"type":"text","content":"\n 1pm PLC\n (\"1pm\" or the \"Company\")\n\n Additional Banking Facilities\n\n1 February 2008\n\nThe Board of 1pm plc is pleased to announce that it has secured £350,000 of additional banking facilities with\nHandelsbanken, a leading Swedish bank.\n\nThis additional working capital facilitates the Company's ability to negotiate additional funding lines and strengthens\nits ability to service the significant opportunities in the small ticket leasing market.\n\nMike Johnson, 1pm's Chairman, commented:\n\n\"I am very pleased to announce this additional facility. Our new management team and subsequent business restructuring\nhas focused the Company on delivering growth and I look forward to reporting further progress in due course.\"\n\nBob Winkworth, Handelsbanken's Bath based Corporate Banking manager, commented:\n\n\"Handelsbanken is pleased to have been able to provide working capital facilities to 1pm plc, which will complement the\nrecently completed capital raising programme undertaken by the company.\n\nAs always we seek to provide a full Banking Service that we are able to make both bespoke and personalised for corporate\naccounts .Together we look forward to growing 1pm PLC into an even more successful Leasing company.\"\n\n\nEnquiries\n\nMike Johnson, Chairman 1pm plc 08707 397 397\n\nIan Callaway, SVS Securities plc 0207 638 5600\n\nNick Harriss, Blomfield Corporate Finance 020 7512 0191\n\nShane Dolan, Biddicks 0207 448 1000 \n ","length":1754,"tagName":"div"}]