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Share Name | Share Symbol | Market | Type | Share ISIN | Share Description |
---|---|---|---|---|---|
Hardy Amies | LSE:HRD | London | Ordinary Share | GB0002931458 | 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% | 1.25 | 0.00 | 01:00:00 |
Industry Sector | Turnover | Profit | EPS - Basic | PE Ratio | Market Cap |
---|---|---|---|---|---|
0 | 0 | N/A | 0 |
RNS Number:3966R Hardy Amies PLC 02 April 2008 Hardy Amies plc ("Hardy Amies" or the "Company") 2 April 2008 Related Party Loan Hardy Amies announces that it has secured a loan of GBP500,000 from Arev Brands Limited ("ABL"), a substantial shareholder. The loan will be used to fund working capital and to continue the store rollout. The loan bears interest at 10% above the base rate for the time being of Barclays Bank Plc and is secured by a fixed and floating charge over the entire assets of the Company. The loan will be repayable six months from the date of demand by ABL. Hardy Amies may itself repay the loan by giving at least five business days notice to ABL. In the event of any default by Hardy Amies, comprising a failure to pay any sums due under the loan, a cessation or threat of cessation of its business or any of the usual insolvency conditions, the loan will become immediately repayable together with accrued interest. After having consulted with its nominated adviser, Shore Capital & Corporate Limited, the independent directors of Hardy Amies, being Nigel Brunning, John Heath and Peter Phillips, consider that the terms of the transaction are fair and reasonable insofar as its shareholders are concerned. Further information concerning the current trading and prospects of the Company will be contained in the annual results for the financial period to 31 December 2007, which Hardy Amies intends to publish on or before 30 June 2007. Enquiries: Hardy Amies Plc Nigel Brunning, Chief Operating Officer 020 7734 2436 Shore Capital & Corporate Limited Guy Peters 020 7408 4090 This information is provided by RNS The company news service from the London Stock Exchange END MSCSSEFSESASESL
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