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| Share Name | Share Symbol | Market | Type | Share ISIN | Share Description |
|---|---|---|---|---|---|
| Conexion | LSE:CXM | London | Ordinary Share | GB0031352775 | 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% | 0.325 | 0.00 | 01:00:00 |
| Industry Sector | Turnover | Profit | EPS - Basic | PE Ratio | Market Cap |
|---|---|---|---|---|---|
| 0 | 0 | N/A | 0 |
From Jul 2019 to Jul 2024
TIDMCXM
RNS Number : 7418B
Conexion Media Group PLC
20 April 2012
Conexion Media Group Plc
Amendment to Loan Agreement
Conexion Media Group and Polymer Holdings Ltd have amended their loan agreement which was entered into on 22 December 2008. The outstanding balance of the loan, originally repayable by 22 December 2011, is now repayable by 31 December 2012. The interest rate remains at 2.5% above LIBOR per annum, subject to a minimum rate of 5%, until 31(st) May 2012. From 1(st) June 2012 to 31(st) August 2012 the rate will be 7.5% per annum, and from 1(st) September 2012 the interest rate will be 10% per annum. In the event that the loan has not been repaid by 31(st) December 2012, the interest rate will be 12% per annum. All other terms of the loan agreement remain unchanged.
The directors, having consulted with finnCap, consider the terms of the transaction to be fair and reasonable insofar as shareholders are concerned.
For further information please contact:
Conexion Media
Justin Sherry, CEO
justin@conexion-media.com 020 8987 4150
FinnCap
Corporate Finance
Matthew Robinson/Ben Thompson 020 7220 0500
Corporate Broking
Stephen Norcross 020 7220 0500
This information is provided by RNS
The company news service from the London Stock Exchange
END
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