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| Share Name | Share Symbol | Market | Type | Share ISIN | Share Description |
|---|---|---|---|---|---|
| Playwize | LSE:PLW | London | Ordinary Share | GB00B3K51464 | ORD 1P |
| Price Change | % Change | Share Price | Bid Price | Offer Price | High Price | Low Price | Open Price | Shares Traded | Last Trade | |
|---|---|---|---|---|---|---|---|---|---|---|
| 0.00 | 0.00% | 5.50 | 0.00 | 01:00:00 |
| Industry Sector | Turnover | Profit | EPS - Basic | PE Ratio | Market Cap |
|---|---|---|---|---|---|
| 0 | 0 | N/A | 0 |
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RNS Number : 3283C
Playwize PLC
11 November 2009
11 November 2009
Playwize plc
("Playwize" or the "Company")
Provision of Unsecured Loan
The Company announces that on 9 November 2009 Headstart Global Aggressive Fund
Limited and Headstart Global Fund Limited (the "Headstart Funds") agreed to
advance an unsecured, interest-free loan of GBP37,300 to the Company (the "Loan
Facility").
The Loan Facility is to be drawn down by the Company in two instalments as
follows: (i) the first instalment of GBP22,300 will be drawn down by the Company
with immediate effect; and (ii) the second instalment of GBP15,000 will be drawn
down by the Company 30 days from the date of the loan agreement. The Loan
Facility is repayable by the Company by no later than 31 January 2010. The funds
drawn down by the Company under the Loan Facility shall be used by the Company
to undertake due diligence into acquisition targets in line with its investment
strategy.
In addition, in the event that Playwize undertakes an acquisition in line with
its investment strategy, the Board of Playwize has agreed to issue the Headstart
Funds with warrants over a total of 2% of the enlarged issued share capital of
the Company on completion of such an acquisition. The terms of the warrants
shall be subject to a separate warrant instrument to be entered into between the
Company and the Headstart Funds.
For further information:
+---------------------------------------+--------------------------------------+
| Playwize plc | Tel: +972 54 4602 253 |
+---------------------------------------+--------------------------------------+
| John Corre, Chairman | |
+---------------------------------------+--------------------------------------+
| | |
+---------------------------------------+--------------------------------------+
| Allenby Capital Limited | Tel: +44 (0)20 3328 5656 |
+---------------------------------------+--------------------------------------+
| Nick Athanas/James Reeve | |
+---------------------------------------+--------------------------------------+
This information is provided by RNS
The company news service from the London Stock Exchange
END
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