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| Share Name | Share Symbol | Market | Type | Share ISIN | Share Description |
|---|---|---|---|---|---|
| Asia Ceramics | LSE:ACHP | London | Ordinary Share | JE00B3PVQ001 | ORD 0.5P |
| Price Change | % Change | Share Price | Bid Price | Offer Price | High Price | Low Price | Open Price | Shares Traded | Last Trade | |
|---|---|---|---|---|---|---|---|---|---|---|
| 0.00 | 0.00% | 37.50 | 0.00 | 00:00:00 |
| Industry Sector | Turnover | Profit | EPS - Basic | PE Ratio | Market Cap |
|---|---|---|---|---|---|
| 0 | 0 | N/A | 0 |
From Jan 2020 to Jan 2025
TIDMACHP
RNS Number : 9887W
Asia Ceramics Holdings PLC
25 August 2015
Asia Ceramics Holdings PLC
Asia Ceramics Holdings plc
('Asia Ceramics' or the 'Company')
Loan Agreement
The Company announces that it has entered into a loan agreement with Tom Pu , its chief executive in relation to loan accounts the Company has with Dr Pu.
The loan agreement provides for loans to Dr Pu for up to a maximum of GBP500,000. The loan agreement is separate from the pre-existing loan facility agreement announced on 11 May 2015 whereby Dr Pu has loaned GBP600,000 to the Company as part of a facility of GBP750,000 repayable by 31 December 2018 ('the Loan Facility').
The balance on the loans to Dr Pu was approximately GBP150,000 at 31 July 2015 and as at 31 December 2014 was GBP 328,676 . The Loan Agreement provides that the balance on the loan accounts shall be repayable by 31 December 2016, shall bear interest at a rate of 5% per annum and shall not exceed at any time the amount drawn down by the Company on the Loan Facility.
The Loan Agreement is a related party agreement under the AIM Rules. The independent directors, being the directors of the Company other than Dr Pu, consider , having consulted with WH Ireland , that the terms of the Loan Agreement are fair and reasonable insofar as its shareholders are concerned.
Enquiries:
Hot Features
Premium
Alei Duan Asia Ceramics Holdings Tel: 07776 481
plc 237
James Joyce / WH Ireland Limited Tel: 020 7220
James Bavister 1666
This information is provided by RNS
The company news service from the London Stock Exchange
END
MSCSEUSAIFISESA
(END) Dow Jones Newswires
August 25, 2015 04:11 ET (08:11 GMT)
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