Legendary Invest PLC

Repayment of Loan

RNS Number : 9804G
Legendary Investments PLC
11 August 2016

11 August 2016

Legendary Investments PLC



Repayment of Loan

Legendary announces that it has repaid the US$250,000 loan and interest that was due to Alcazar 1 Pte Ltd ("Alcazar"). As announced on 19 August 2015, the loan was taken out in May 2015 and bore interest of 10 per cent. At the time the loan was taken out, Alcazar held a 11.1% stake in Legendary so was treated as a related party under Rule 13 of the AIM Rules for Companies.  Subsequent to the successful placing of shares by Legendary in May 2016, Alcazar's holding in Legendary was diluted down to 9.7%. Therefore, it is no longer a related party under AIM Rule 13.

- Ends -

For further information, please contact:


Legendary Investments Plc

Zafar Karim / Thomas Reuner


020 8201 3536

Grant Thornton UK LLP


Colin Aaronson / Harrison Clarke


020 7383 5100

Beaufort Securities Limited

Elliot Hance

020 7382 8300


About Legendary Investments Plc

Legendary Investments Plc is a proactive investment company that focuses on making investments in and assisting companies which exhibit the potential to generate returns of many multiples through capital appreciation.  Typically, Legendary invests in small companies where there are clear catalysts for value appreciation and the companies are operating in sectors exhibiting long term growth. Examples of such sectors include technology, energy and natural resources.


This information is provided by RNS
The company news service from the London Stock Exchange