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| Share Name | Share Symbol | Market | Type | Share ISIN | Share Description |
|---|---|---|---|---|---|
| Regenesis | LSE:RGN | London | Ordinary Share | GB00B1T8X133 | ORD 0.025P |
| Price Change | % Change | Share Price | Bid Price | Offer Price | High Price | Low Price | Open Price | Shares Traded | Last Trade | |
|---|---|---|---|---|---|---|---|---|---|---|
| 0.00 | 0.00% | 0.15 | 0.00 | 01:00:00 |
| Industry Sector | Turnover | Profit | EPS - Basic | PE Ratio | Market Cap |
|---|---|---|---|---|---|
| 0 | 0 | N/A | 0 |
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12 June 2007
Regenesis Group plc
("Regenesis" or the "Company")
Trading update and related party transaction
The Directors of Regenesis are pleased to announce that the Company has
advanced £774,500 by way of its first loan in line with the new investment
strategy of the group. The loan is for a period of six months at an interest
rate of 1.4 per cent. per month. In addition, the Company received a one per
cent. arrangement fee for the loan. In view of the nature and required timing
of the loan, the Company was not able to utilise its senior debt facility.
Accordingly, Marc Duschenes, Chairman of the Company, advanced an unsecured
loan of £250,000 on normal commercial terms to the Company to enable the loan
to be made. The Independent Directors, having consulted with John East &
Partners Limited, consider that the terms of transaction are fair and
reasonable insofar as the shareholders of the Company are concerned.
Enquiries:
Regenesis Group plc
John Barnacle, Managing Director Tel 0161 929 5088
John East & Partners Limited
David Worlidge/Simon Clements Tel 020 7628 2200
END
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