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Share Name | Share Symbol | Market | Type | Share ISIN | Share Description |
---|---|---|---|---|---|
Interactive Gam | LSE:IGH | London | Ordinary Share | GB0034347921 | ORD 1P |
Price Change | % Change | Share Price | Bid Price | Offer Price | High Price | Low Price | Open Price | Shares Traded | Last Trade | |
---|---|---|---|---|---|---|---|---|---|---|
0.00 | 0.00% | 1.00 | 0.00 | 01:00:00 |
Industry Sector | Turnover | Profit | EPS - Basic | PE Ratio | Market Cap |
---|---|---|---|---|---|
0 | 0 | N/A | 0 |
RNS Number:1926X Interactive Gaming Holdings PLC 24 May 2007 Press Release 24 May 2007 Interactive Gaming Holdings Plc ("IGH" or "the Group") Facility Agreement and Granting of Warrants Interactive Gaming Holdings PLC ("IGH"), the online sports betting and gaming operator, is pleased to announce that it has successfully arranged and met all conditions for a #600,000 credit facility (the "Facility") with General Capital Venture Finance Limited ("GCVF"). IGH has drawn down the full amounts available under this Facility. The Facility will be used to fund, amongst other things, IGH's working capital requirements. The Facility carries an interest rate of 1.25% per month which will accrue daily from the date of drawdown under the Facility and is payable monthly in arrears. The Facility is secured on the assets and monies of IGH. The repayment date of the Facility is 10th April 2010 (the "Repayment Date"). Under certain exceptional conditions relating to, amongst others, the ownership and financial position of IGH the Facility shall be immediately repayable by IGH. Subject to a payment by IGH of an early repayment fee and giving GCVF appropriate notice, IGH may, at its absolute discretion, prepay all or part of the Facility at any time preceding the Repayment Date. In addition to the security given by IGH to GCVF, IGH has also created and issued share warrants giving GCVF the right to acquire 12,000,000 ordinary shares in the capital of IGH (the "Warrants"). The Warrants can be exercised at any time from drawdown under the facility until 10th April 2012 for an exercise price of 2.5p per ordinary share. No application has been or will be made to any Recognised Investment Exchange for the listing of, or for permission to deal in, the Warrants. Commenting, Thomas Taule, Chairman of Interactive Gaming Holdings, said: "We're pleased to announce the completion of this fundraising. GCVF have shown real confidence in the Company and we look forward to a lasting beneficial relationship with them." For further information: Interactive Gaming Holdings Plc Thomas Taule, Executive Chairman Tel: +44 (0) 207 745 6273 Tom@igh.com www.igh.com Media enquiries: Abchurch Chris Lane / Franziska Bohnke Tel: +44 (0) 20 7398 7700 franziska.boehnke@abchurch-group.com www.abchurch-group.com About IGH Interactive Gaming Holdings plc is a leading online sports betting and casino operator listed on the AIM market of the London Stock Exchange. IGH provides its customers with a complete gaming experience offering seamless integration between traditional sports betting and its casino products. The Group's strategy is to enhance organic growth by focusing on selective value-enhancing acquisitions within the online sports betting and gaming sectors. In addition to IGH's existing customer base, the Company is actively pursuing, under revenue share agreements, white-label opportunities with significant brand names. To date, IGH has made two acquisitions, namely Heathorns, the world's oldest established bookmakers in March 2005, and Premier Bet, a fixed odds bookmaker based in London, in August 2005. The Company, in accordance with US legislation, does not have any operations in the US. Further information on Interactive Gaming Holdings can be found at www.igh.com This information is provided by RNS The company news service from the London Stock Exchange END MSCBSGDULXDGGRS
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