Redemption of Loan Notes

RNS Number : 4315P

Access Intelligence PLC

03 October 2011

 



ACCESS INTELLIGENCE PLC

("Access Intelligence" or "the Group")

(Innovative Software-as-Service Solutions)

Redemption of Loan Notes

Access Intelligence announced on 10 July 2009 that it had entered into Convertible Loan Agreements in respect of £1.85 million ("Loan Notes").

On 30^th September 2011 the Company redeemed the £500,000 of Loan Notes held by Octopus Investments Limited at par.

This redemption will reduce the Company's annual interest bill by £30,000.

Following this transaction £1.25m of the original £1.85m remain outstanding.

This will not affect the issued share capital of the Company but will reduce the fully diluted number of shares by 12,500,000.

For further information:

Access Intelligence plc
Michael Jackson (Executive Chairman	0207 400 0485
Jeremy Hamer (Finance Director)	07977 234 614
Northland CP
Shane Gallwey / Katie Shelton	020 7796 8800
Cubitt Consulting
Chris Lane / Alice Coubrough	020 7367 5100

 

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