Issue of Loan Note

 

TIDMDGM 
 
RNS Number : 7554S 
Deal Group Media PLC 
26 May 2009 
 

 
 
 
 
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| Press Release                      |              26 May 2009           | 
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Deal Group Media plc 
("Deal Group Media" or "the Group") 
 
 
 
 
Issue of Convertible Redeemable Loan Note 
 
 
 
 
Deal Group Media plc (AIM: DGM), an independent online marketing group, is 
pleased to announce that, to further strengthen the Group's balance sheet, it 
has successfully raised GBP500,000 by way of a convertible loan note ("The 
Note") which has been issued to River Don Limited, a company controlled by John 
Porter, the Group's former Chairman. 
 
 
The Note, which carries a 15% coupon payable with principal on redemption or 
repayment is, subject to the passing of certain resolutions at the Group's 
forthcoming AGM, convertible into such number of the Group's ordinary shares as 
will result in River Don Limited and John Porter having, in aggregate, a maximum 
of 29.99% of the Group's issued shares, at a conversion price of 0.5 pence per 
ordinary share. The Note is redeemable on one months notice from River Don 
Limited and can be repaid by the Group on one months notice, such notice not to 
expire before the first anniversary of The Note. The Note is secured by way of a 
charge over two associated Group holdings in DC Storm Ltd and DGM (UK) Limited. 
 
 
Due to this being a related party transaction under the AIM Rules, the Group's 
directors, having consulted with Daniel Stewart & Company plc, the Group's 
nominated adviser, consider the terms to be fair and reasonable insofar as 
shareholders are concerned. 
 
 
 
 
- Ends - 
 
 
  For further information, please contact: 
 
 
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| Deal Group Media plc             |                                    | 
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| Adrian Moss, Chief Executive     |               Tel: [phone] | 
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|                                  |          www.dealgroupmediaplc.com | 
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| Daniel Stewart & Company plc      |                                    | 
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| Paul Shackleton / Stewart Dick    |          Tel: [phone] | 
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|                                   |            www.danielstewart.co.uk | 
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| Abchurch Communications           |                                    | 
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| Chris Lane / Nick Probert         |          Tel: [phone] | 
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| [e-mail]   |             www.abchurch-group.com | 
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This information is provided by RNS 
            The company news service from the London Stock Exchange 
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