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Share Name | Share Symbol | Market | Type | Share ISIN | Share Description |
---|---|---|---|---|---|
Caplay | LSE:CLY | London | Ordinary Share | GB0002924651 |
Price Change | % Change | Share Price | Bid Price | Offer Price | High Price | Low Price | Open Price | Shares Traded | Last Trade | |
---|---|---|---|---|---|---|---|---|---|---|
0.00 | 0.00% | 0.075 | 0.00 | 01:00:00 |
Industry Sector | Turnover | Profit | EPS - Basic | PE Ratio | Market Cap |
---|---|---|---|---|---|
0 | 0 | N/A | 0 |
TIDMCLY RNS Number : 2151U Caplay PLC 19 June 2009 For immediate release 19 June 2009 Caplay Plc ("Caplay" or the "Company") Corporate update As previously announced on 18 June 2008, the Company made a GBP200,000 loan to Textic Limited (the "Loan"), a computer software company specialising in the development, marketing and selling of text-to-speech technology for web and mobile use, and at the same time, was granted an option to acquire the entire issued share capital of Textic Limited ("Textic"). The term of the Loan is a period of twenty four months from the date of the Loan agreement (the "Loan Period") such that the Loan must be repaid on or before 17 June 2010. Caplay may at any time during the Loan Period give notice in writing to Textic that Caplay requires repayment of the Loan prior to the expiry of the Loan Period provided that the date on which the Loan is requested by Caplay to be repaid is not before the expiry of the first twelve month anniversary of the Loan, being 18 June 2009. The Loan must be repaid in full on the date on which repayment is so requsted by Caplay or if later, on the expiry of the Loan Period in 2010. The Loan is secured by a debenture over the business and assets of Textic and bears an interest rate of 10.0 per cent. per annum. Since making the Loan, the Board of Caplay has continued to review the progress that Textic is making in developing its business and has decided that it would be in the best interests of the shareholders of Caplay at this time to request repayment of the Loan. Accordingly, Caplay has submitted a request for repayment in full of the Loan. A further announcement will be made in due course. Enquires: Caplay PLC +44 (0) 207 486 8985 Tony Fabrizi, Chairman Nominated Advisor + 44 (0) 207 628 3396 Michael Cornish, Beaumont Cornish Limited ENDS This information is provided by RNS The company news service from the London Stock Exchange END MSCBSGDLDDBGGCC
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