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Blue Star loan repayment deferred

By BFN News | 01:29 PM | Monday 31 March, 2014


Repayment of Blue Star Capital's shareholder loan has been deferred until 30 June. The original amount of the loan was £400,000 loan when it was agreed in April 2011. Repayment - plus accrued interest - was originally due by 31 March 2012. The loan was subsequently extended with repayment due today. The amount outstanding under the loan currently stands at £85,292, including interest and repayment premium already accrued. To preserve cash and aid the implementation of the company's investing policy, the loan holders have agreed to waive interest on the loan until the final redemption date. Blue Star chief executive Anthony Fabrizi is among those who provided the loan. At 1:29pm: (LON:BLU) Blue Star Capital PLC share price was +0.06p at 0.58p Story provided by StockMarketWire.com

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