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VMG Vision Media

1.00
0.00 (0.00%)
10 May 2024 - Closed
Delayed by 15 minutes
Vision Media Investors - VMG

Vision Media Investors - VMG

Share Name Share Symbol Market Stock Type
Vision Media VMG London Ordinary Share
  Price Change Price Change % Share Price Last Trade
0.00 0.00% 1.00 01:00:00
Open Price Low Price High Price Close Price Previous Close
1.00 1.00
more quote information »

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Posted at 25/6/2009 10:44 by knowing
Funding sorted

Loan Agreement (Vision Media)





TIDMVMG

RNS Number : 4883U
Vision Media Group (Intl) PLC
25 June 2009

?


+------------------------------------+------------------------------------+
| Press Release | 25 June 2009 |
+------------------------------------+------------------------------------+


Vision Media Group (International) plc


("VMG" or "the Company")


Loan agreement


Vision Media Group (International) plc (AIM:VMG), the outdoor media contractor,
announces that it has agreed a new debt facility of GBP250,000 from a recent new
investor in VMG. The loan will have a five year term with an interest rate of
1.5% over LIBOR paid annually in arrears. The loan will have a fixed and
floating charge over the Company and will be subordinated to Trafalgar Capital
LLP and rank pari passu to the Mike Cottman and Eric Anstee charges.


By way of additional security and as an incentive to agree to the new facility,
board member Mike Cottman has agreed to provide the investor with shares in VMG
Global Limited ("VMG Global"), a business which has been established to develop
the non-UK VMG product and service offering under licence from the Company as
announced on 28 May 2008. The new investor will provide free of charge
consultative resources to both the Company and VMG Global, which should assist
the Company in developing income via the licence agreement with VMG Global.


VMG retains an ongoing royalty payment from VMG Global which is currently 10% of
the net income to be derived from the international business. This royalty
payment will move to 5% of net income for the period May 2010 to April 2011 and
then 2% from May 2011 up until May 2033 when the licence ends.


Mike Cottman, Executive Chairman of VMG, said: "We are extremely pleased to have
secured an agreement from a new investor for this loan facility. The extra
financing will contribute to the Company's working capital and ongoing liquidity
issues which continue to remain extremely challenging."


- Ends -
Posted at 03/11/2008 09:05 by ihavenoclue
dealy - 3 Nov'08 - 07:42 - 66 of 68


Placing once again at a premium to the share price as opposed to a steep discount. A lot of brokers could learn something here from VMG's actions. It definitely sends a strong signal and doesn't rub salt in the wounds of previous investors.

==========================================

So the investors in March who bought in at 10p - only to watch it drop from 7p - wouldn't be at all hurt to see a placing 8 months later at 4p ?

Sorry but you need to take your blinkers off ....
Posted at 03/11/2008 07:42 by dealy
Placing once again at a premium to the share price as opposed to a steep discount. A lot of brokers could learn something here from VMG's actions. It definitely sends a strong signal and doesn't rub salt in the wounds of previous investors.

Market cap using placement price is about £4m. I guess you can't actually buy more than 200,000 shares below that price in the market.
Posted at 14/3/2008 14:57 by ivor whopper
Stocks Fall Sharply on Credit Fears




NEW YORK (AP) - Stocks plunged early Friday as investors worried that a
plan to ease a liquidity crisis at Bear Stearns Cos. indicates how severe credit
troubles have become. Each of the major indexes lost more than 1 percent; the
Dow Jones industrials fell about 140 points.
Investors were busy examining the plan from JPMorgan Chase & Co. and the New
York Federal Reserve to provide secured funding to Bear Stearns for an initial
period of 28 days. The move offers Bear Stearns relief from a sudden liquidity
crunch.
Bear Stearns shares fell sharply, dragging down other financial companies.
Bear skidded $24.50, or 43 percent, to $32.50.
Stocks showed moderate gains in the early going after a Labor Department
report showed the Consumer Price Index remained flat for February. Wall Street
has been expecting inflation would show an increase.
But the gains quickly disappeared after investors learned more about how
close Bear Stearns appeared to have come to financial implosion.
"The Bear Stearns news reversed the early positive sentiment from the
inflation data," said Peter Cardillo, chief market economist at Avalon Partners.
"There had been nervousness about Bear Stearns for some time and now the
market's concerns about the company have been proven true."
In midmorning trading, the Dow Jones industrial average fell 146.05, or 1.20
percent, to 11,999.69 after having fallen as much as 300 points.
Broader stock indicators also declined. The Standard & Poor's 500 index fell
19.88, or 1.51 percent, to 1,295.60, and the Nasdaq composite index fell 29.60,
or 1.31 percent, to 2,234.01.
Bond prices jumped as stocks retreated. The yield on the benchmark 10-year
Treasury note, which moves opposite its price, fell to 3.42 percent from 3.54
percent late Thursday.
Investors' nervousness was obvious Friday. The Chicago Board Options
Exchange's volatility index, known as the VIX, and often referred to as the
"fear index," jumped 9.56 percent.
Declining issues outnumbered advancers by nearly 5 to 1 on the New York
Stock Exchange, where volume came to 419.6 million shares.
Friday's stock market pullback comes a day after an anxious stock market
rebounded from an early plunge after Standard & Poor's predicted financial
companies are nearing the end of the massive asset write-downs that have
pummeled the stock and credit markets for months. The S&P projection had given
investors some hope that the seemingly unrelenting losses from the mortgage and
credit crisis could have been bottoming out.
But the Bear Stearns news rekindled investors' nervousness about the
troubles in the financial sector and raised concerns over whether other banks
might soon face similar liquidity stresses.
Stock market investors Friday were also eyeing the dwindling dollar and
events in the soaring commodities market. Gold prices touched another fresh
record Friday.
Light, sweet crude, which set a fresh record Thursday, recently rose 26
cents to $110.59 per barrel on the New York Mercantile Exchange.
The Russell 2000 index of smaller companies fell 9.19, or 1.35 percent, to
670.52.
Overseas, Japan's Nikkei stock average fell 1.54 percent. In afternoon
trading, Britain's FTSE 100 fell 1.05 percent, Germany's DAX index fell 1.08
percent, and France's CAC-40 fell 0.96 percent.


Copyright 2007 Associated Press. All rights reserved. This material may not be
published, broadcast, rewritten, or redistributed.

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