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| Share Name | Share Symbol | Market | Type | Share ISIN | Share Description |
|---|---|---|---|---|---|
| Imjack | LSE:IMJ | London | Ordinary Share | GB00B0NBKL01 | 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% | 0.475 | 0.00 | 01:00:00 |
| Industry Sector | Turnover | Profit | EPS - Basic | PE Ratio | Market Cap |
|---|---|---|---|---|---|
| 0 | 0 | N/A | 0 |
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TIDMIMJ
RNS Number : 9613T
imJack PLC
06 October 2010
IMJACK PLC
('the Company')
Renegotiation of funding facility
On 20 May 2010 the Company announced that Jeffrey Morris, a Director of the
Company had agreed to provide a GBP500,000 drawdown facility (the "Facility")
for the purposes of working capital. However, the Directors have concluded that
it cannot currently drawdown the Facility under the terms of the Facility. As a
result the Directors are urgently renegotiating the Facility as well as pursuing
a number of alternative funding options, to enable the Company to continue to
trade. Meanwhile Jeffrey Morris has made a loan of GBP25,000 to the Company to
support the immediate working capital needs of the Company. The Directors
continue to be encouraged by the interest from schools and other parties in the
Company's products.
For further information please contact:
+-----------------------------------------+-------------------+
| imJack Plc | Tel. 01653 618016 |
| | |
| Michael Abrahams Chairman | |
| | |
+-----------------------------------------+-------------------+
| Daniel Stewart & Company plc | Tel. 020 7776 |
| Emma Earl/Paul Shackleton | 6550 |
| | |
+-----------------------------------------+-------------------+
| Rawlings Financial PR Ltd | Tel. 01653 618016 |
| Catriona Valentine | |
| | |
+-----------------------------------------+-------------------+
This information is provided by RNS
The company news service from the London Stock Exchange
END
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