Second US PPP Loan Forgiven

RNS Number : 4145R

Bonhill Group PLC

05 November 2021

 

5 November 2021

Bonhill Group plc

("Bonhill", the "Company" or the "Group")

Second US Paycheck Protection Program Loan Forgiven

Bonhill Group Plc (AIM: BONH) is a leading B2B media business specialising in three key areas: Business Information, Events and Data & Analytics, is pleased to announce that, according to US Small Business Administration, its US Paycheck Protection Program ("PPP2") loan was fully forgiven at the end of October 2021.

The Company received a loan of $1.3m as part of the PPP2 to protect US jobs. As the Company used it for employee retention, payroll and other eligible purposes, it was able to make an application for the PPP2 loan to be forgiven, thereby converting it into a grant.

This announcement contains inside information for the purposes of Article 7 of EU Regulation 596/2014 ("MAR").

For further enquiries please contact:

Bonhill Group plc	[phone]
Simon Stilwell, Chief Executive Sarah Thompson, Chief Financial Officer
Shore Capital (Nominated Adviser and Joint Broker)	[phone]
Tom Griffiths David Coaten
Canaccord Genuity Limited (Joint Broker) Bobbie Hilliam Adam James Georgina McCooke	[phone]
Houston (PR Adviser)  Alexander Clelland	[phone]

About Bonhill Group plc

Bonhill Group plc is a leading, AIM-quoted, B2B media company providing Business Insight, Events and Data & Analytics propositions to Financial Services and business communities in 25 countries. Bonhill operates eleven information websites, publishes three regular print titles, hosts 130 events per annum, offers a portfolio of data & analytics propositions and provides a range of content marketing solutions.

The business creates content, sales and marketing opportunities, networking events and transactional opportunities for its audiences of entrepreneurs, business owners and managers, CTOs & technology leaders, asset & wealth managers, and professional women, in addition to its sponsors, advertising clients and customers.

Flagship brands include: InvestmentNews, ESG Clarity Portfolio Adviser, Fund Selector Asia, What Investment, SmallBusiness.co.uk, GrowthBusiness.co.uk, Information Age, Women in… events series, and DiversityQ.

For more information visit www.bonhillplc.com.

 

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