Loan to company

RNS Number : 0579T

Highway Capital PLC

15 July 2015

 



Highway Capital plc

("Highway" or the "Company")

Loan to Company

15 July 2015

Highway Capital announces that it has received a loan of £120,000 from Maciej Szytko, a director of the company.  The loan has a term of five years and can be converted at the holder's request into new ordinary shares in Highway Capital at a price of 10 pence per share.  In the event that the loan is not repaid or converted prior to its maturity date then it will attract accrued interest at a rate of 5% per annum.  The proceeds of the loan will be used for general working capital purposes.

 

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