Legendary Investments PLC Repayment of Loan (9804G)

TIDMLEG

RNS Number : 9804G

Legendary Investments PLC

11 August 2016

11 August 2016

Legendary Investments PLC

("Legendary")

Repayment of Loan

Legendary announces that it has repaid the US$250,000 loan and interest that was due to Alcazar 1 Pte Ltd ("Alcazar"). As announced on 19 August 2015, the loan was taken out in May 2015 and bore interest of 10 per cent. At the time the loan was taken out, Alcazar held a 11.1% stake in Legendary so was treated as a related party under Rule 13 of the AIM Rules for Companies. Subsequent to the successful placing of shares by Legendary in May 2016, Alcazar's holding in Legendary was diluted down to 9.7%. Therefore, it is no longer a related party under AIM Rule 13.

- Ends -

For further information, please contact:

 
 Legendary Investments    Zafar Karim 
  Plc                      / Thomas Reuner      020 8201 3536 
 Grant Thornton           Colin Aaronson 
  UK LLP                   / Harrison Clarke    020 7383 5100 
 Beaufort Securities 
  Limited                 Elliot Hance          020 7382 8300 
 

About Legendary Investments Plc

Legendary Investments Plc is a proactive investment company that focuses on making investments in and assisting companies which exhibit the potential to generate returns of many multiples through capital appreciation. Typically, Legendary invests in small companies where there are clear catalysts for value appreciation and the companies are operating in sectors exhibiting long term growth. Examples of such sectors include technology, energy and natural resources.

This information is provided by RNS

The company news service from the London Stock Exchange

END

MSCZMGMRKMKGVZM

(END) Dow Jones Newswires

August 11, 2016 12:09 ET (16:09 GMT)