OneView Group PLC Short Term Loan Facility (4588C)

TIDMONEV

RNS Number : 4588C

OneView Group PLC

22 January 2018

22 January 2018

OneView Group plc

("OneView" or the "Company")

Short Term Loan Facility

OneView (AIM: ONEV), one of the retail industry's leading digital transformation software providers for in-store customer service, announces that Hawk Investment Holdings Limited ("Hawk") and Lane Capital Group Limited ("LCG"), which is wholly owned by Gary Lane, a Non-Executive Director and his immediate family, have provided the Company with a loan facility (the "Loan") of $300,000. The Loan was drawn down on 16 January 2018 and is for a term of 90 days. The Loan is unsecured and interest is charged at 1% per month. The Loan will be used to cover short term working capital needs pending large customer receipts expected later in the first quarter of 2018. It can be repaid at any time.

Given the significant shareholdings of Hawk and LCG and the board position held by Gary Lane, the Loan is deemed a related party transaction under the AIM Rules for Companies. The independent Directors (being all those other than Gary Lane), having consulted with finnCap, consider that the terms of the Loan is fair and reasonable insofar as the Company's shareholders are concerned.

Further Details:

 
 OneView Group             Tel: 01634 
  plc                       673172 
 Stuart Mitchell, 
  CEO 
 Linda Palanza, 
  COO 
 Mark Wilson, Finance 
  Director 
 
 finnCap Limited           Tel: 0207 
                            220 0500 
 Geoff Nash 
 Kate Bannatyne 
 
 Turner Pope Investments   Tel: [phone] 
                            4120 
 Ben Turner 
  James Pope 
 
 Newgate Communications    Tel: [phone] 
                            9848 
 Bob Huxford 
 Lydia Thompson 
 

About OneView Commerce

OneView Commerce is a pioneer in digital store transformation, helping global retailers implement successful unified commerce strategies that centre on the critical engagement in store. The company's cloud-based Digital Store Platform combines digital-ready point of sale, line busting, and end-to-end unified commerce capabilities, with the ability to capture and deliver the rich content from these store interactions across the retail enterprise. OneView enables the exchange of this powerful store information to immediately impact sales, business operations and the customer experience. Travis Perkins plc, Wickes, and Discount Tire Corporation are among the global retailers revolutionizing their stores with OneView Commerce. For more information, visit www.oneviewcommerce.com.

This information is provided by RNS

The company news service from the London Stock Exchange

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January 22, 2018 02:00 ET (07:00 GMT)