£250,000 Loan

Strip Tinning Holdings PLC

07 September 2026

 

7 September 2026

This announcement contains inside information for the purposes of Article 7 of the Market Abuse Regulation (EU) 596/2014 as it forms part of UK domestic law by virtue of the European Union (Withdrawal) Act 2018 ("MAR"), and is disclosed in accordance with the Company's obligations under Article 17 of MAR. Upon the publication of this announcement via a Regulatory Information Service, this inside information is now considered in the public domain.      

Strip Tinning Holdings plc

("Strip Tinning" or the Company")

£250,000 Loan

Strip Tinning Holdings plc (AIM: STG), a leading supplier of specialist connection systems to the automotive sector, announces that the Company's wholly owned subsidiary, Strip Tinning Limited, has entered into a £250,000 unsecured short-term loan agreement (the "Loan") with GPIM Limited ("GPIM").

The Loan has an initial term of six months and may be repaid for £275,000 within the first three months, increasing to £290,000 if repaid at the end of the six-month term. Strip Tinning Limited has the option to extend the facility for up to a further three months, during which an additional finance return of 1.5% per month is payable. The Loan is unsecured and no personal guarantees have been provided.

The proceeds of the Loan will be used for working capital purposes, supporting the Company's funding requirements for the increase in production volumes and its grant-funded investment programme.

The Board has considered a range of funding options and concluded that the Loan provides the Company with the best flexible funding solution for the short term.

Related Party Transaction

The Loan by GPIM, a substantial shareholder in the Company, is deemed to be a related party transaction under Rule 13 of the AIM Rules for Companies. The Company's Directors all of which are considered independent of GPIM consider, having consulted with the Nominated Adviser, Singer Capital Markets, that the terms of the related party transaction are fair and reasonable insofar as shareholders of the Company are concerned.

The person responsible for arranging the release of this information on behalf of the Company is Mark Perrins, Chief Executive Officer.

Enquiries:

Strip Tinning Holdings plc                                                                                     

Mark Perrins, Chief Executive Officer                                                                                 

Kevin Edwards, Chief Financial Officer

Singer Capital Markets (Nominated Adviser and Sole Broker)                      [phone]

Shaun Dobson

James Fischer

 

END