("1pm" or the "Company")
Additional Banking Facilities
1 February 2008
The Board of 1pm plc is pleased to announce that it has secured £350,000 of additional banking facilities with
Handelsbanken, a leading Swedish bank.
This additional working capital facilitates the Company's ability to negotiate additional funding lines and strengthens
its ability to service the significant opportunities in the small ticket leasing market.
Mike Johnson, 1pm's Chairman, commented:
"I am very pleased to announce this additional facility. Our new management team and subsequent business restructuring
has focused the Company on delivering growth and I look forward to reporting further progress in due course."
Bob Winkworth, Handelsbanken's Bath based Corporate Banking manager, commented:
"Handelsbanken is pleased to have been able to provide working capital facilities to 1pm plc, which will complement the
recently completed capital raising programme undertaken by the company.
As always we seek to provide a full Banking Service that we are able to make both bespoke and personalised for corporate
accounts .Together we look forward to growing 1pm PLC into an even more successful Leasing company."
Mike Johnson, Chairman 1pm plc 08707 397 397
Ian Callaway, SVS Securities plc 0207 638 5600
Nick Harriss, Blomfield Corporate Finance 020 7512 0191
Shane Dolan, Biddicks 0207 448 1000