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| Share Name | Share Symbol | Market | Type | Share ISIN | Share Description |
|---|---|---|---|---|---|
| MG Capital | LSE:MAP | London | Ordinary Share | GB00B02S3576 | ORD 50P |
| Price Change | % Change | Share Price | Bid Price | Offer Price | High Price | Low Price | Open Price | Shares Traded | Last Trade | |
|---|---|---|---|---|---|---|---|---|---|---|
| 0.00 | 0.00% | 3.50 | 0.00 | 00:00:00 |
| Industry Sector | Turnover | Profit | EPS - Basic | PE Ratio | Market Cap |
|---|---|---|---|---|---|
| 0 | 0 | N/A | 0 |
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RNS Number : 9641K
MG Capital PLC
31 December 2008
31 December 2008
MG Capital plc
("MG Capital" or "the Company")
Director Loan
The Company announces that its Chairman, Mr. Peter Hannen, has agreed to lend to the Company the sum of £86,000 ("the Loan"). The Loan
is unsecured and the Company may elect to repay the Loan or part of it at any time. The principal amount of the Loan outstanding from time
to time will carry interest at the rate of 6 per cent per annum. The Loan is repayable on receipt of one month's notice from the lender. Mr
Hannen made a further loan of £10,000 to the Company on identical terms on 25 November 2008.
With the exception of Mr Hannen, who is involved in the transactions as a related party, the directors of MG Capital consider, having
consulted with the Company's nominated adviser, that the terms of the transactions are fair and reasonable insofar as its shareholders are
concerned.
- Ends -
For further information, please contact:
MG Capital plc
Charles Fowler Tel: +44 (0) 20 7332 2040
Nominated Adviser:
Grant Thornton UK LLP
Gerry Beaney/Fiona Kindness Tel: +44 (0) 20 7383 5100
This information is provided by RNS
The company news service from the London Stock Exchange
END
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