Working capital facility & RPT
Summary by AI BETAClose X
10 November 2026
Sabien Technology Group Plc
("Sabien", the "Company" or the "Group")
Working capital facility and related party transaction
Sabien (AIM: SNT), a provider of energy efficiency technologies through its M2G platform, announces that it has agreed with Parris Group Ltd ("PGL") an additional short-term working capital facility of up to £100,000 (the "Facility"). The Facility is provided by way of an amendment to the Company's existing loan agreement with PGL dated 19 December 2025 (the "Loan Agreement"), details of which were most recently announced by the Company on 27 October 2026.
Key terms of the Facility
The Facility is available in addition to the existing £200,000 loan under the Loan Agreement, which is unchanged and continues to bear interest at 12% per annum. The principal terms of the Facility are:
• Amount: up to £100,000 outstanding at any time, which may be redrawn once repaid.
• Drawings: the Facility is uncommitted. Each drawing is subject to PGL's prior written approval, at its absolute discretion and without giving any reasons (if refused). Drawings may only be used to meet identified short-term needs linked to expected customer receipts.
• Interest: 0.0822% per day on amounts drawn (approximately 30% per annum), the same rate as the Group's existing receivables purchase facility with PGL. Interest is payable on repayment of each drawing and is not compounded.
• Repayment: each drawing is repayable on the earliest of demand, receipt of the related customer payment and 60 days after it is made, unless PGL agrees to an extension. Drawings may be prepaid at any time without penalty.
• Fees: no arrangement, commitment or any other fees is payable.
• Security: the Facility is secured by the Company's existing security in favour of PGL. No new security has been granted.
Reason for the Facility
The Facility will be used for the Group's short-term working capital requirements, including to bridge the period between incurring costs on customer orders and receiving payment from customers. It complements the Group's existing receivables purchase facility with PGL, which can only be used once an invoice has been issued, by allowing the Group to fund costs before invoicing where needed. Funds drawn may be lent on to the Company's operating subsidiary, Sabien Technology Limited.
Related party transaction
PGL is controlled by Richard Parris, the Company's Executive Chairman, who is interested in 8,390,175 ordinary shares, representing approximately 26.45% of the Company's issued share capital. PGL is therefore a related party of the Company under the AIM Rules for Companies (the “AIM Rules”), and the entry into the Facility is a related party transaction under AIM Rule 13. In this regard, the directors independent of the Facility, being Ed Sutcliffe, Charles Goodfellow and Ranald McGregor-Smith, consider, having consulted with the Company's nominated adviser, Allenby Capital Limited, that the terms of the Facility are fair and reasonable insofar as the Company's shareholders are concerned.
-ENDS-
For further information:
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Sabien Technology Group plc |
+44 20 7993 3700 |
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Richard Parris, Executive Chairman |
investors@sabien.com |
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Allenby Capital Limited (Nominated Adviser) |
+44 (0)20 3328 5656 |
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John Depasquale / Nick Harriss / Vivek Bhardwaj |
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AlbR Capital Limited (Broker) |
+44 (0)20 7469 0930 |
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Duncan Vasey / Lucy Williams |
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About Sabien Technology Group plc
Sabien Technology Group plc develops technologies that help organisations reduce energy consumption, lower carbon emissions and improve building efficiency through intelligent energy optimisation technologies.
Website: www.sabien.com
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