Redemption of £0.9m of 2015 Loan Notes

RNS Number : 1227W

Access Intelligence PLC

22 April 2016

 

22 April 2016

ACCESS INTELLIGENCE PLC

("Access Intelligence", "the Company" or "the Group")

REDEMPTION OF £0.9 MILLION OF 2015 LOAN NOTES

Access Intelligence Plc (AIM: ACC), a leading supplier of Software-as-a-Service (SaaS) solutions for reputation and operational risk management, announced on 16 June 2015 that it had issued £1.82 million of nominal 2015 loan notes ("2015 Loan Notes") as part of a subscription to raise £3.03 million. The Company is pleased to announce the early redemption of £0.9 million of the 2015 Loan Notes by an institutional holder. The £0.9 million of 2015 Loan Notes are being repaid in full, plus accrued interest to 22 April 2016.

Following this redemption of £0.9 million, the Company will have £0.92 million of 2015 Loan Notes outstanding. The 2015 Loan Notes are repayable five years and one month after their issue date and accrue interest at 10 per cent. per annum (payable quarterly) up until the first Anniversary of their issue. Thereafter, they accrue interest at 12 per cent. per annum.

Joanna Arnold, CEO, commented "This signals the Company's first steps towards strengthening the balance sheet and supports long term shareholder value".

For further information:

Access Intelligence plc	0843 659 2940
Joanna Arnold (CEO) Daryl Paton (CFO)
Allenby Capital Limited (Nominated Adviser & Broker)	020 3328 5656
Simon Clements / James Thomas

 

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