Loan to the Company

 

TIDMMRM 
 
RNS Number : 4004V 
Metrodome Group PLC 
01 November 2010 
 

1 November 2010 
 
                              Metrodome Group plc 
                          ("Metrodome", the "Company") 
 
                              Loan to the Company 
 
The Board of Metrodome announces that it has reached an agreement with Metrodome 
BV, a Dutch holding and investment company, whereby Metrodome BV will provide 
the Company with an unsecured interest bearing loan of US$900,000 (approximately 
GBP560,000) (the "Loan"). The Loan will be repayable on 31 August 2012 or 
earlier by mutual agreement. The Loan will carry an interest rate of 4 per cent. 
per annum. 
 
The Loan will provide Target Entertainment Limited, which the Company acquired 
on 13 August 2010, with additional working capital. 
 
Metrodome BV is a company owned by Adrian Sarbu, who owns approximately 90 per 
cent. of Alerria Management Company SA ("Alerria"), Metrodome's major 
shareholder. In turn, Alerria holds approximately 52.75 per cent. of the issued 
ordinary share capital of the Company. 
 
As such, the provision of the Loan is considered to be a related party 
transaction for the purposes of AIM Rule 13. The Independent Directors, having 
consulted with Charles Stanley, the Company's nominated adviser, consider the 
terms of the Loan to be fair and reasonable insofar as the Independent 
Shareholders and the Company as a whole are concerned. 
 
For further information: 
 
+------------------------------------------------+----------------+ 
| Mark Webster, Chairman & CEO, Metrodome Group  |  020 7766 8600 | 
| plc                                            |                | 
| Deborah Brown, Finance Director                |                | 
|                                                |                | 
+------------------------------------------------+----------------+ 
| Dugald J. Carlean / Carl Holmes, Charles       |  020 7149 6000 | 
| Stanley Securities                             |                | 
+------------------------------------------------+----------------+ 
| John West / Lydia Eades, Tavistock             |  020 7920 3150 | 
| Communications                                 |                | 
+------------------------------------------------+----------------+ 
 
 
 
This information is provided by RNS 
            The company news service from the London Stock Exchange 
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