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| Share Name | Share Symbol | Market | Type | Share ISIN | Share Description |
|---|---|---|---|---|---|
| Optare | LSE:OPE | London | Ordinary Share | GB00B2PGSY66 | ORD 0.1P |
| Price Change | % Change | Share Price | Bid Price | Offer Price | High Price | Low Price | Open Price | Shares Traded | Last Trade | |
|---|---|---|---|---|---|---|---|---|---|---|
| 0.00 | 0.00% | 0.035 | 0.00 | 00:00:00 |
| Industry Sector | Turnover | Profit | EPS - Basic | PE Ratio | Market Cap |
|---|---|---|---|---|---|
| 0 | 0 | N/A | 0 |
From Jan 2020 to Jan 2025
TIDMOPE
RNS Number : 5492U
Optare PLC
22 December 2011
Optare plc
("Optare" or the "Company")
Facility Agreement
Optare is pleased to announce that, it has entered into a loan facility agreement (the "Facility Agreement") with one of its major shareholders, to provide Optare with up to GBP1.5 million to support its ongoing operational and working capital requirements whilst it is in the process of re-banking.
The Facility Agreement is for a period to the 15 March 2012 and is repayable on demand by the lender giving at least 30 calendar day's notice. The Facility Agreement carries interest at 8 percentage points above base rate per annum.
The Facility Agreement is classified as a related party transaction in accordance with the AIM Rules by virtue of it being one of Optare's substantial shareholders. Accordingly, the independent directors, having consulted with the Company's nominated adviser, consider the terms of the Facility Agreement to be fair and reasonable insofar as the Company's shareholders are concerned.
For further information please contact:
Optare plc Tel: 0845 838 9901 Jim Sumner - Chief Executive Cenkos Securities plc Tel: +44 (0) 20 7397 Stephen Keys/Camilla Hume 8900
This information is provided by RNS
The company news service from the London Stock Exchange
END
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