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Share Name | Share Symbol | Market | Type | Share ISIN | Share Description |
---|---|---|---|---|---|
Playwize | LSE:PLW | London | Ordinary Share | GB00B3K51464 | 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% | 5.50 | 0.00 | 01:00:00 |
Industry Sector | Turnover | Profit | EPS - Basic | PE Ratio | Market Cap |
---|---|---|---|---|---|
0 | 0 | N/A | 0 |
TIDMPLW RNS Number : 3283C Playwize PLC 11 November 2009 11 November 2009 Playwize plc ("Playwize" or the "Company") Provision of Unsecured Loan The Company announces that on 9 November 2009 Headstart Global Aggressive Fund Limited and Headstart Global Fund Limited (the "Headstart Funds") agreed to advance an unsecured, interest-free loan of GBP37,300 to the Company (the "Loan Facility"). The Loan Facility is to be drawn down by the Company in two instalments as follows: (i) the first instalment of GBP22,300 will be drawn down by the Company with immediate effect; and (ii) the second instalment of GBP15,000 will be drawn down by the Company 30 days from the date of the loan agreement. The Loan Facility is repayable by the Company by no later than 31 January 2010. The funds drawn down by the Company under the Loan Facility shall be used by the Company to undertake due diligence into acquisition targets in line with its investment strategy. In addition, in the event that Playwize undertakes an acquisition in line with its investment strategy, the Board of Playwize has agreed to issue the Headstart Funds with warrants over a total of 2% of the enlarged issued share capital of the Company on completion of such an acquisition. The terms of the warrants shall be subject to a separate warrant instrument to be entered into between the Company and the Headstart Funds. For further information: +---------------------------------------+--------------------------------------+ | Playwize plc | Tel: +972 54 4602 253 | +---------------------------------------+--------------------------------------+ | John Corre, Chairman | | +---------------------------------------+--------------------------------------+ | | | +---------------------------------------+--------------------------------------+ | Allenby Capital Limited | Tel: +44 (0)20 3328 5656 | +---------------------------------------+--------------------------------------+ | Nick Athanas/James Reeve | | +---------------------------------------+--------------------------------------+ This information is provided by RNS The company news service from the London Stock Exchange END MSCKFLBFKFBBFBQ
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