Proxama PLC Settlement of credit facility and loan note (5894N)

TIDMPROX

RNS Number : 5894N

Proxama PLC

10 August 2017

10 August 2017

Proxama Plc

("Proxama" or the "Company")

Settlement of credit facility and loan note

Board appointments

Director's interests

Settlement of credit facility and loan note

Proxama, a leading mobile location and data intelligence expert, announces it has now settled its GBP2.5 million revolving credit facility with Barclays and its loan note with White Angle, having successfully completed its recent Placing and Open Offer.

Board appointments

The Company also confirms that, following the Second Admission of Conversion Shares, General Placing Shares and Open Offer Shares, Mark Slade and Dan Francis have joined the Board as Managing Director and Chief Strategy Officer, respectively.

Director's interests

It was announced on 24 July 2017 that Shaun Gregory, Non-Executive Director, had subscribed for 166,666,666 shares under the Placing. Due to a conflict of interest, Mr. Gregory is no longer able to subscribe for these shares, which have instead been placed with another placee. Mr. Gregory therefore does not have a beneficial interest in the Company's Ordinary Shares.

Proxama's Group CEO, John Kennedy, said: "I am pleased to welcome both Mark and Dan onto the Board. As we continue to transition to a location intelligence business, using mobile location data to scale existing data and audience products, their previous experience will be invaluable."

The following information is disclosed pursuant to Schedule Two paragraph (g) of the AIM Rules for Companies. Mark Slade, age 41 years, has been a director of the following companies during the five years preceding the date of this announcement:

 
 Current directorships        Past directorships 
-------------------------    ------------------------- 
 Fourth Screen Consulting     4(th) Screen Advertising 
  Limited                      Limited 
 

Daniel Paul Francis, age 43 years, has been a director of the following companies during the five years preceding the date of this announcement:

 
 Current directorships     Past directorships 
----------------------    ------------------- 
 None                      None 
 
 
 Enquiries: 
 Proxama PLC                        Via Redleaf 
  John Kennedy 
 Peel Hunt LLP 
  (Nominated Adviser and Broker) 
  Richard Kauffer/Euan Brown        020 7418 8900 
 Redleaf Communications 
  Charlie Geller/Sam Modlin         020 7382 4747 
 

This information is provided by RNS

The company news service from the London Stock Exchange

END

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August 10, 2017 02:01 ET (06:01 GMT)