RNS Number : 1123H
Prime Active Capital PLC
12 February 2010
Prime Active Capital plc ("PAC")
Increased Shareholding in Media Square plc ("MSQ")
PAC announces that it has purchased 3,350,000 ordinary shares in MSQ today at a price of 15 pence per share. This increases PAC's shareholding in MSQ to 28.5%.
The consideration of £502,500 will be satisfied by a loan note issued by PAC. The loan note, which will be unsecured, will be repayable on 1 January 2012 and will pay interest quarterly in arrears at a rate of 6% per annum.
The vendor is Mr. Tony Gill who is deemed to be a related party under the IEX and AIM Rules as he holds more than 10% of PAC's issued share capital. The Directors of PAC, having consulted with PAC's IEX Adviser and Nominated Adviser, consider the terms of the transaction to be fair and reasonable insofar as PAC's shareholders are concerned.
Enquiries:
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Prime Active Capital plc
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Peter E. Lynch
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+353 1 2401 400
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Chairman
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Davy Corporate Finance
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Des Carville
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+353 1 679 6363
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Director
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This information is provided by RNS
The company news service from the London Stock Exchange
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