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| Share Name | Share Symbol | Market | Type | Share ISIN | Share Description |
|---|---|---|---|---|---|
| Stallion Resour | LSE:SPSM | London | Ordinary Share | GB00B6SRX164 | ORD 0.03P |
| Price Change | % Change | Share Price | Bid Price | Offer Price | High Price | Low Price | Open Price | Shares Traded | Last Trade | |
|---|---|---|---|---|---|---|---|---|---|---|
| 0.00 | 0.00% | 0.075 | 0.00 | 01:00:00 |
| Industry Sector | Turnover | Profit | EPS - Basic | PE Ratio | Market Cap |
|---|---|---|---|---|---|
| 0 | 0 | N/A | 0 |
From May 2019 to May 2024
TIDMSPSM
RNS Number : 5730T
Sports Stars Media plc
21 November 2013
21 November 2013
Sports Stars Media plc
("Sports Stars" or the "Company")
Shareholder Loan
Sports Stars Media plc ("Sports Stars"), the Portuguese based sports animation and media company, announces that it has entered into a EUR250,000 loan agreement (the "Loan") with Pinto Mascarenhas II Soc. Investimentos ("PMSI") to assist in the funding of the Company's working capital requirements until the anticipated sales revenues in 2014. PMSI is controlled by Miguel Mascarenhas who is a shareholder in Sports Stars.
The Loan is unsecured and will accrue interest at a rate of 10% per annum. The Loan is repayable at the discretion of the Company anytime in the next two years. The two year period can be extended at the discretion of PMSI after 12 months. It is intended that Miguel Mascarenhas will be appointed to the board of the Company in due course.
Miguel Mascarenhas is a substantial shareholder, with a beneficial interest of 11.9 per cent. of the issued share capital of the Company, and is consequently a related party of the Company for the purposes of the AIM Rules. The Directors of Sports Stars, having consulted with the Company's nominated adviser, believe the terms of the loan to be fair and reasonable insofar as shareholders are concerned.
For further information:
Hot Features
Premium
Sports Stars Media plc
Ruben Dias (Chief Executive Officer) Tel: +1604 902 2214
Sanlam Securities UK Limited (Nominated
Adviser and Broker)
Lindsay Mair / Katie Shelton Tel: +44 (0) 207 628
2200
Newgate Threadneedle (Financial PR)
Josh Royston / Heather Armstrong Tel: +44 (0) 207 653
9850
This information is provided by RNS
The company news service from the London Stock Exchange
END
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